Non-farm payrolls increased by 256,000 in December, well above the expected 160,000, and the unemployment rate fell to 4.1%. The U.S. job market performed strongly.

After the data release, traders expect the Fed to cut interest rates once in 2025, with the earliest rate cut possible in June.

The strong performance of the US job market has brought the attention of the Federal Reserve back to inflation now.
Next, attention needs to be paid to the December CPI data to be announced next Wednesday.