Wall Street struggled to find direction Friday. A lower-than-expected jobs report raised some concerns about the economiy, but also took the pressure off the Federal Reserve to increase rates at a higher pace in 2019.
Nonfarm payrolls rose by 155,000 in November, which was lower than expected but still consistent with a strengthening job market. The data puts less pressure on the Fed to raise rates.
The Wall Street Journal reported on Thursday that the Fed is likely to consider a wait-and-see approach after hiking rates at its next meeting in December and does not know when its next rate hike will be. /investing,com
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