Megan Leonhardt

Follow live coverage and analysis of the December jobs report, set to be released Friday at 8:30 Eastern time.

Contrary to expectations, the labor market didn’t miss a beat in December—instead it surpassed November’s rebound. Employers added 256,000 jobs in December, according to data released by the Bureau of Labor Statistics on Friday. With the labor market continuing to show strength and progress on inflation stalled, there’s no need to ease financial conditions further.

Inflation picked up in December, if economic forecasters are right—driven by rising food and energy costs. And the uptick will almost certainly push the Federal Reserve to rethink any plans for a rate cut in January. The Bureau of Labor Statistics is slated to release the latest reading of the cons

The Bureau of Labor Statistics is set to release the consumer price index report for December at 8:30 a.m. Eastern time on Wednesday. What the inflation data will mean for the Fed and interest rates.

The appalling scale of the vast and still growing Los Angeles blazes puts them out of the ordinary in terms of the economic harm they will bring.