Société Générale: The Fed has more reason to keep rates unchanged in January

Odaily News Société Générale's head of US interest rate strategy, Subadra Rajappa, commented on US non-farm payrolls: The current focus is primarily on the unemployment rate, as the pace of job growth has been slowing. The decline in unemployment and the increase in wages give the Fed more reason to keep interest rates unchanged in January. However, the bond market's reaction to this important data indicator has been relatively muted. No news might be good news for risk assets. (Jin10)