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U.S. Employment Data and Economic Indicators Set for Release
According to BlockBeats, several key U.S. economic indicators are scheduled for release. At 20:30 UTC+8, the November Challenger job cuts report will be announced, followed by the initial jobless claims for the week ending November 29 at 21:30 UTC+8, with expectations set at 220,000 claims.
Additionally, at 23:00 UTC+8, the November Global Supply Chain Pressure Index and the September factory orders monthly rate will be published.
Despite the significance of the employment data, the market is heavily betting on a 25 basis point interest rate cut by the Federal Reserve in December. As of the latest update, the probability of this event occurring on Polymarket has reached 94%.
Additionally, at 23:00 UTC+8, the November Global Supply Chain Pressure Index and the September factory orders monthly rate will be published.
Despite the significance of the employment data, the market is heavily betting on a 25 basis point interest rate cut by the Federal Reserve in December. As of the latest update, the probability of this event occurring on Polymarket has reached 94%.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.