Based on BlockBeats, on December 4, the U.S. Challenger job cuts for November will be released at 20:30, followed by the initial jobless claims for the week ending November 29 at 21:30, with a forecast of 220,000. At 23:00, the U.S. global supply chain pressure index and September factory orders monthly rate will also be published. Despite the significance of the data, the market is heavily betting on a 25-basis-point Fed rate cut in December. As of the report's publication, the probability on Polymarket has reached 94%.
U.S. Jobs Data to Be Released Tonight, Fed Rate Cut Probability Hits 94%
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