WSJ Fedwatcher Jon Hilsenrath is out with his take on what the jobs report means for the Federal Reserve.

The next challenge for the Fed is deciding what signal to send about rates after a Dec. 16-17 policy meeting. The big issue on the agenda is whether to drop an assurance in the Fed’s policy statement that rates will stay near zero for a “considerable time.”

Fed officials have been debating since September whether to drop those words and how to replace them. The market is likely to take such a move as a sign that rate increases are nearing

There’s no particular insight here but the market loves to read what Hilsenrath has to say.