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jerome powell
Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on 'The Semiannual Monetary Policy Report to the Congress', at Capitol Hill in Washington on Tuesday, July 17, 2018.

Jose Luis Magana/AP

  • Nonfarm payrolls rose and unemployment dipped more than expected last month. 
  • Markets are still expecting the Fed to cut rates in March 2024, fed fund futures show. 
  • Fed policymakers convene next week and markets expect the central bank to hold steady. 

The November jobs report came in hotter than expected, but Wall Street doesn't expect the Fed to stray from rate cuts in early 2024.

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economy, Markets, Markets, jerome-powell, economy, Recession, interest-rates, fed-rate-cuts, FOMC, Jobs, Unemployment, labor-market
Source
The strong jobs report isn't enough to derail the Fed from its path to cutting …