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I'm Jerry Willis, and this is the Fox Business Rundown. Monday, December 9th, 2024. U.S. job growth rebounded last month, according to the

November jobs report. Now this week, the Fed has two key pieces of inflation data to read

before they make their final rate cut decision of the year. I mean, unless something really dramatic happened to the CPI this week, I think they're going to go ahead and cut rates.

They've kind of looked at, you know, kind of been saying that for some time.

The question then is in 25, though, do they do a pause?

The November jobs report tells the story of a labor market rebounding, adding back 227,000 jobs.

The last report in October showed economists some concerning trend lines, but that was to be expected,

given the variety of labor disruptions hitting Americans recently, such as hurricanes and union strikes.

Unemployment in the report did bump up

higher to 4.2 percent. It's that data point that has traders more certain of a coming rate cut

from the Federal Reserve. The Fed will get two more pieces of inflation data this week that will

help them make their decision, the CPI and PPI releasing

Wednesday and Thursday. Chairman Jerome Powell has been very careful to balance these rate cut

decisions with a priority of controlling the nation's fight with inflation. So what will they be

looking to see in the numbers this week? We'll start with a November jobs report and how it may factor into the

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