US Labor Market Strengthens, Reducing Likelihood of Early Fed Rate Cut

Increased employment and wages in November contrast with economic contractions in Japan and minimal growth in Brazil.

The US labor market strengthened in November with increases in employment and wages, reducing the likelihood of the Federal Reserve cutting interest rates early next year.
Japan's economy contracted more than initially reported in the third quarter, while Brazil's economy barely expanded in the same period.
US payrolls increased by 199,000 in November, with the return of striking auto workers boosting the count by 30,000.
Consumer sentiment in the US rebounded sharply in early December, with households lowering their year-ahead inflation expectations by the most in 22 years.
Inflation in OECD countries slowed in October to the weakest in two years, signaling that advanced economies are overcoming their worst inflation crisis in decades.