Agencies: If the unemployment rate rises by 0.1% per month, the Federal Reserve's room for rate cuts is underestimated
2025-12-20 07:30:58
US inflation was well below economists' forecasts in November and unemployment unexpectedly rose in the month. Investors have been reluctant to read too much into the data because of the distorted and incomplete information created by the 43-day federal government shutdown. "Even taking this into account, it underscores the very limited scope for the current inflation data to move much higher than expected," said Michael Lorizio, head of US rates and mortgage trading at Manulife Investment Management. "If the labour market continues on its current trajectory of a 0.1 percentage point monthly increase in unemployment, I think the scope for further rate cuts next year may be a bit underestimated." (Jin Ten)
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