Stock Market
Jobs Blockbuster Chills Rate Cut Hopes: Wall Street Tumbles as January Payrolls Double Forecasts
Wall Street retreated on Thursday, February 12, 2026, as a surprisingly robust January employment report sent a shockwave through the financial markets, effectively dismantling expectations for an early spring interest rate cut. The Labor Department’s morning release revealed that the U.S. economy added 130,000 jobs in January,