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After a solid January jobs report, more traders are betting that the Fed’s rate-cut pause might not be so brief.

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January job numbers reveal a slowdown in growth, with 143,000 jobs added, and the unemployment rate dropping to 4%. Despite concerns, the labor market remains strong.

WASHINGTON — U.S. employers added just 143,000 jobs last month, but the unemployment rate fell to 4% to start 2025.