US Jobless Claims Data LIVE: The US Labor Department will release initial jobless claims data for the week ending December 7 later today (December 12), a key indicator ahead of the US Federal Reserve’s upcoming monetary policy decision.
US Jobless Claims Data LIVE: The US Labor Department will release initial jobless claims data for the week ending December 7 later today (December 12), a key indicator ahead of the US Federal Reserve’s upcoming monetary policy decision. The figures are expected to provide insights into labour market strength and add to the latest volatility triggers as markets anticipate a likely rate cut.
The Federal Reserve is widely expected to lower interest rates this month, marking the third cut since its easing cycle began in September 2024. The central bank’s current policy rate stands at 4.50%-4.75%, following a cumulative hike of 525 basis points in 2022 and 2023 to combat inflation.
Market participants are closely watching economic signals as the Fed balances the need to support growth against risks of inflation. While recent economic indicators suggest a cooling labour market, the potential for fiscal stimulus under President-elect Donald Trump adds complexity to the 2025 outlook.
