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Good morning from the Financial Times.

Today is Friday, January 6th, and this is your FT News Briefing.

The US Jobs Report is out today, and it looks like the Federal Reserve's higher

interest rates are working, and the crypto sector keeps getting kicked while it's already down.

Plus, our business columnist, Politico Clark, has noticed that it's getting harder to call

a company because they're ditching their phone numbers. I guess the upside to that is no more

old music. I'm Mark Filipina, and here's the news you need to start your day.

Jobs data from the Bureau of Labor Statistics are set to come out today,

and estimates show that the rate of US jobs growth in December will have slowed for a second

straight month, so more jobs, but not as much as the month before. It suggests that the Federal

Reserve's interest rate rises are working, as the central bank tries to tackle inflation.

But the bottom line is that the US economy is still strong. The FT's Colby Smith explains what

that means for the Fed as it considers its next interest rate decision in a few weeks.

So the jobs report is one of the biggest data points that the Fed looks at,

that in addition to the inflation data that we get on a monthly basis as well,

what they're really going to be looking for is further evidence that wage growth in particular

is starting to slow by any magnitude here. Essentially, the inflation problem that they're grappling

with at the moment is the fact that price pressures have moved from the good side of the economy,

so for things like furniture and appliances, those costs have come down quite considerably,

but on the services side of the economy, think of dining out, of getting your haircut,

...