Stronger-Than-Expected January Jobs Report Reinforces View That Fed Will Pause
U.S. nonfarm payrolls increased by 130,000 in January and the unemployment rate edged down to 4.3% from 4.4% in December, surpassing economists' median forecast of a 70,000 gain. The report lifted stock futures, pushed the 10-year Treasury yield higher and nudged the dollar up, reinforcing expectations that the Federal Reserve will hold policy stea…