{"id":58358,"date":"2026-02-10T09:38:12","date_gmt":"2026-02-10T13:38:12","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/us-job-growth-decelerates-bofa-ceo-bullish-on-rate-cuts-amid-eu-peace-push\/58358\/"},"modified":"2026-02-10T09:38:12","modified_gmt":"2026-02-10T13:38:12","slug":"us-job-growth-decelerates-bofa-ceo-bullish-on-rate-cuts-amid-eu-peace-push","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/us-job-growth-decelerates-bofa-ceo-bullish-on-rate-cuts-amid-eu-peace-push\/58358\/","title":{"rendered":"US Job Growth Decelerates, BofA CEO Bullish on Rate Cuts Amid EU Peace Push"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>US weekly employment growth significantly decelerated to 6.5K on January 10th, down from the prior week&#39;s 7.75K, signaling a cooling labor market.<\/strong><\/li>\n<li><strong>Bank of America (<a href=\"\/stock\/BAC\">BAC<\/a>) CEO Brian Moynihan expressed optimism, stating that continued interest rate reductions would be &quot;very constructive&quot; for the economy.<\/strong><\/li>\n<li><strong>EU&#39;s Kallas plans to propose a list of concessions for Russia as part of a Ukraine peace deal, highlighting ongoing diplomatic efforts amidst geopolitical tensions.<\/strong><\/li>\n<\/ul>\n<h3>Economic Indicators Point to Cooling Labor Market<\/h3>\n<p>The United States experienced a notable slowdown in weekly employment growth, with the ADP Weekly Employment Change registering <strong>6.50K<\/strong> on January 10th. This figure represents a decrease from the previous week&#39;s <strong>7.75K<\/strong>, indicating a potential cooling trend in the nation&#39;s labor market. The deceleration in job creation could influence future monetary policy decisions by the Federal Reserve, as a softer labor market might support arguments for interest rate adjustments.<\/p>\n<h3>Bank of America CEO Optimistic on Rate Cuts<\/h3>\n<p>In a significant statement, <strong>Bank of America (<a href=\"\/stock\/BAC\">BAC<\/a>)<\/strong> CEO <strong>Brian Moynihan<\/strong> shared an optimistic outlook on the future of interest rates. Moynihan asserted that <em>interest rates are poised to continue their downward trajectory<\/em>, a development he views as &quot;very constructive&quot; for the economy. This perspective aligns with market expectations for potential rate cuts later in the year, which could stimulate economic activity and benefit credit-sensitive sectors.<\/p>\n<h3>EU Proposes Concessions for Ukraine Peace Deal<\/h3>\n<p>On the geopolitical front, <strong>EU&#39;s Kallas<\/strong> announced plans to propose a list of concessions that Europe should demand from Russia. These demands would form part of a broader Ukraine peace deal, signaling ongoing diplomatic efforts to resolve the protracted conflict. The move underscores Europe&#39;s commitment to finding a resolution while maintaining a firm stance on conditions for peace.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways US weekly employment growth significantly decelerated to 6.5K on January 10th, down from the prior week&#39;s 7.75K, signaling 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