MASSIVE JOB NUMBERS: Stock Market Soars - LOWEST Unemployment in 50 YEARS

November’s blowout jobs report, which surged past Wall Street’s expectations, further solidified bets that the Federal Reserve will put interest rates on hold at least through the first quarter of 2020.

Even though employers added a stronger-than-expected 266,000 jobs last month and unemployment ticked down to a 50-year-low — reinforcing the Fed’s characterization of the labor market as “strong” while signaling the longest economic expansion on record will continue — inflation has remained persistently below the U.S. central bank’s preferred level over the past seven years.

“Powell and others have strongly suggested the Fed would be on hold for a while,” David Berson, chief economist at Nationwide, told FOX Business. “They think the economy is in a good place.”