Morning Bid: Jobs jolt rate bets

By Mike Dolan Feb 12 - What matters in U.S. and global markets today By Mike Dolan, Editor-At-Large, Finance and Markets World stock markets have been pretty buoyant as they digest the robust U.S. January employment report and dampened Federal Reserve rate cut expectations. While the downward revisions to ‌2025 payrolls underscore last year’s subdued hiring, the 130,000 payroll gain last month was almost twice the 70,000 forecast. The unemployment rate also unexpectedly ‌fell to 4.3% - even as labor f ...