US Secretary of Commerce Lutnick said that Musk got the goal of the Department of Government Efficiency (DOGE) wrong. He focused on layoffs rather than cutting wasteful government spending.
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U.S. Commerce Secretary: Musk got DOGE's goal wrong, the focus is not on layoffs but on cutting costs
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according to the schedule, at 20:30 tonight, the number of Challenger job cuts in the US for November will be released; at 21:30, the US initial jobless claims for the week ending November 29 will be announced, with an expected value of 220,000. In addition, at 23:00, the US Global Supply Chain Pressure Index for November and the US factory orders month-on-month rate for September will also be released. Although tonight's employment data is relatively important, the market is currently highly betting on a 25 basis point rate cut by the Federal Reserve in December. As of the time of writing, the probability of this event on Polymarket has reached as high as 94%.
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