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

Gregory Faranello, head of U.S. interest rate trading and strategy at AmeriVet Securities, said this is a very solid report that supports the market's expectations that the Fed will skip this month's meeting or even more meetings. It is also an important number at the time of the transition between the two governments. Now the focus turns to inflation. With the new administration taking office, higher inflation data and a strong job market will increase calls for rate hikes. (Jinshi)