#U.S. Nonfarm Payrolls Rise More Than Expected#

The U.S. December nonfarm payrolls data came in significantly higher than expected, with job growth reaching 256,000, far exceeding the market forecast of 155,000. The unemployment rate also fell to 4.1%, lower than the expected 4.2%. This strong employment data indicates that the U.S. economy remains resilient. While inflation has recently declined, the labor market remains robust, which will continue to put pressure on the Federal Reserve to keep raising interest rates in the coming months to control inflation. The market widely believes that the strong employment data will further solidify the Fed's resolve to continue raising interest rates in the coming months. The Fed is expected to raise rates by 25 basis points at its next few meetings to curb inflation.