Federal Reserve officials appear more likely to cut rates this month after data showed the U.S. labor market remained strong but continued to cool in November, with a deeper debate to come next year over whether to pause further rate reductions.

Will the Federal Reserve actively cut interest rates during the year? Maybe not as much as many on Wall Street think. If you believe the CME Group's FedWatch tool, there may be at least three rate cuts in 2025 along with a cut at the Fed's meeting on Dec.

For many investors, Friday's jobs report confirmed expectations that the Federal Reserve is on track to cut interest rates

Federal Reserve Bank of Cleveland President Beth Hammack said policymakers are “at or near” the point where the central bank should slow the pace of interest-rate reductions, citing a strong economy and still-elevated inflation.

Federal Reserve Governor Michelle Bowman reiterated that she prefers to lower interest rates cautiously, emphasizing underlying inflation remains “uncomfortably” above the central bank’s 2% goal.

Friday's jobs report virtually cements that the Federal Reserve will approve an interest rate cut when it meets later this month.

The Federal Reserve will almost certainly slash interest rates at its December meeting. Friday’s jobs report sealed the deal, offering the Fed enough breathing room to act without looking reckless. Nonfarm payrolls rose by 227,

Markets widely anticipate the Federal Reserve to cut US interest rates later this month, with officials' concerns on inflation expected to affect the pace of reducing policy next year. Recent rate-cut optimism stems from Friday's US unemployment report,

CNBC's Steve Liesman joins 'Squawk on the Street' to break down the November jobs report.