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November Jobs Report Affirms Fed Officials’ Make-No-Moves Stance

Federal Reserve officials will feel comfortable maintaining their wait-and-see posture on interest rates after Friday’s report showing robust hiring in November.

Even before the Labor Department’s report Friday, Fed officials were prepared to hold rates steady at their two-day meeting next week after having lowered their short-term benchmark rate by a quarter percentage point at their previous three meetings, most recently in October to a range between 1.5% and 1.75%.