Wall Street is reacting cautiously to the hotter-than-expected jobs report, fearing it may delay the Federal Reserve's rate cuts and prolong market volatility. Some analysts think the Fed will stay cautious on inflation and unlikely to cut rates as soon as March, while others believe the strong job market makes a recession less likely and the bull market has room to run. Chief Investment Officer, Matt Dmytryszyn states, "The market has begun to price in more rate cuts than the Fed is forecasting, expectations have evolved that the labor market will be slowing. The December employment report showed that it isn't and that momentum remains."