Analysts: Non-farm payrolls support the Fed to remain on hold, focus shifts to inflation

Gregory Faranello, the head of US interest rate trading and strategy at AmeriVet Securities, said that this is a very reliable report that supports the market's expectation that the Fed will skip this month's meeting and possibly more. This is also an important number during the transition between two administrations. The focus now turns to inflation. As the new administration takes office, higher inflation data and a strong job market will increase calls for interest rate hikes.