percentage of consumers expecting an increase in unemployment in the next year has risen to the highest level since 2009 at the University of Michigan.
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University of Michigan: The percentage of consumers who expect unemployment to rise in the next year has risen to the highest level since 2009
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The US will release a series of employment data tonight, and the probability of an interest rate cut has reached as high as 94%.
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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