The Fed Might Not Cut Rates At All. That Jobs Report Was a Gamechanger.

The Fed Might Not Cut Rates At All. That Jobs Report Was a Gamechanger.

Stock futures were pointing to further losses on Monday, suggesting the market still isn't over a blockbuster jobs report that has investors questioning if the Federal Reserve will lower interest rates at all this year.

The December nonfarm payrolls number came in way above expectations, cementing the idea there's no need for the central bank to cut with inflation still running above its 2% target.

Elevated borrowing costs could put pressure on stock valuations, which already looked stretched after back-to-back years of stellar gains.