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Meeting, had dropped to 3.2% from a peak of 9.1%. meanwhile, new data out on wednesday showed the number ofjob openings in the united states fell to 8.79 million in november. this points to weaker demand for labour, but it is still well above pre covid levels. and that is consistent with the fed s goal to slow the economy without triggering a nasty recession. the feds first rate setting meeting this year, that starts on january the 30th. martin baccardax is senior editor at the street.com. he explained the importance of the fed s next move. the $35 trillion question right now i think is, when are they going to begin cutting rates? because so many assets around the world are going to rely on exactly that timing. but the fed kept its cards reasonably close to its chest. i wasn t surprised that they talked about having rates elevated for some time because i think they want to tame some of the expectations that they have seen of late. but i was ultimately surprised ....

3 2 , 9 1 , 8 79 Million , Federal Reserve , January The 30th , Martin Baccardax , Senior Editor , Street Com , 235 Trillion , 5 Trillion ,