Stocks and bonds declined in response to much better-than-expected job growth. This week's consumer inflation (CPI) report could further pressure yields.

A red-hot jobs report means that interest rate cuts aren't coming, and cuts could be next. Here's what strategists say is next for rates and stocks.

Stocks and bonds are tumbling after the December jobs report came in much stronger than expected.Nonfarm payroll additions smashed forecasts, while the US unemployment rate unexpectedly fell.The data suggests a slower pace of rate cuts from the Federal Reserve through 2025.