U.S. initial jobless claims unexpectedly fell, and there is disagreement within the Federal Reserve regarding a December rate cut.
Odaily Planet Daily reports that amid continued economic uncertainty in the United States, the number of Americans filing for unemployment benefits for the first time last week unexpectedly declined, reaching its lowest level since mid-April and remaining relatively low. However, the data reveals that it is becoming more difficult for the unemployed to find new jobs, making the Federal Reserve's decision on a December interest rate cut more challenging. Federal Reserve officials lowered interest rates at their two most recent policy meetings, focusing on supporting the slowing labor market. However, policymakers are divided on whether to support another rate cut at their final meeting of the year in December, as they attempt to balance a weak labor market and persistently high inflation. (Jinshi)
