Data on the labor market and inflation in the USA is expected against the backdrop of economic concerns
According to BlockBeats, the US Department of Labor plans to release key economic data on December 18 at 21:30 UTC+8. The report will include the unchanged Consumer Price Index (CPI) for November in year-over-year terms, projected at 3.1%, initial jobless claims for the week ending December 13, and unchanged core CPI data for November in year-over-year terms.
Chairman of the Federal Reserve Jerome Powell noted in a speech on December 11 that the labor market seems to be gradually cooling, although inflation levels remain somewhat elevated. He emphasized that inflation risks are tilted to the upside as labor demand has significantly slowed down and shows signs of weakening.
Goldman Sachs analyst Kai Haig commented that the Federal Reserve has reached the end of its "preemptive rate cuts." It stressed that further weakening of labor market data is necessary to justify additional easing policies in the near term.$BTC
