Blockbuster Jobs Report to Push Fed to Hike and Keep Rates High

(Bloomberg) — January’s blockbuster US jobs report is likely to strengthen the Federal Reserve’s determination to raise interest rates above 5% and keep them high throughout the year — an outcome investors remain skeptical of.Most Read from BloombergWhat You Need to Know About the Suspected Chinese Spy Balloon Floating Over the USUS Weighs Calling Off Blinken Visit to China Over Suspected Spy BalloonMerck Covid Drug Linked to New Virus Mutations, Study SaysUS Postpones Blinken China Visit in Up
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