Analyst: Non-Farm Payrolls Report Confirms Fed Will Continue to Cut Rates in December

On 6 December, Citizens Managing Director and Co-Head of Global Markets, Eric Merlis, said that November's non-farm payrolls report showed an expected rebound in hiring with no major surprises. The modest rise in the unemployment rate and decline in the participation rate should convince the Fed to continue its gradual easing path at its December meeting.