Jeff Cox

Friday's jobs report virtually cements that the Federal Reserve will approve an interest rate cut when it meets later this month.

Nonfarm payrolls were expected to rise 214,000 in November, according to the Dow Jones consensus forecast.

Powell maintained that bitcoin is not a challenge for traditional currencies like the U.S. dollar but rather gold.

Companies added 146,000 jobs on the month, below the downwardly revised 184,000 in October and less than the Dow Jones estimate for 163,000.

President-elect Donald Trump plans to nominate financier Paul Atkins to head the Securities and Exchange Commission.

The appearances comes two weeks ahead of when the central bank will announce is decision on interest rates.

Federal Reserve Chair Jerome Powell spoke Wednesday at the New York Times DealBook conference.

Job openings totaled 7.74 million on the month, up 372,000 from September.

Federal Reserve Governor Christopher Waller cited recent data indicating that progress on inflation may be "stalling."

The personal consumption expenditures price index was expected to show inflation at 2.3% in October.