---
title: "Wall Street debates over \"overheating\" versus \"cooling down,\" raising the probability of the Federal Reserve holding rates steady in January."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/272091487.md"
description: "Wall Street is divided over whether the economy is overheating or cooling down, influenced by recent U.S. labor force data. December job growth was below expectations, and historical data was revised down, yet the unemployment rate fell unexpectedly and wage growth increased. This led to a rise in the probability of the Federal Reserve maintaining interest rates steady in January, increasing from 88% to 95%, according to the CME Group's FedWatch tool."
datetime: "2026-01-09T14:23:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/272091487.md)
  - [en](https://longbridge.com/en/news/272091487.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/272091487.md)
generator: "portal-rs"
---

# Wall Street debates over "overheating" versus "cooling down," raising the probability of the Federal Reserve holding rates steady in January.

U.S. labor force data provided Wall Street with ample arguments to support the view that the economy is overheating, or to demonstrate that it is dangerously cooling. December job growth fell short of expectations, and previous historical data were also revised downwards. However, the unemployment rate fell more than expected, and wage growth picked up. According to the CME Group's FedWatch tool, this data prompted investors to increase their bets on the Federal Reserve keeping interest rates unchanged, with the probability rising from 88% to 95%. (Jinshi)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**