Michael Lorizio: If the unemployment rate rises by 0.1% each month, the Federal Reserve's rate cut potential is being underestimated
ChainCatcher News, according to Golden Ten Data, Michael Lorizio, Head of US Rates and Mortgage Trading at Manulife Investment Management, stated that the US inflation rate in November was significantly lower than economists' forecasts, and the unemployment rate unexpectedly rose. He pointed out that although the federal government shutdown caused some data distortion, there is limited room for current inflation data to significantly exceed expectations. If the labor market continues on a trajectory where the unemployment rate rises by 0.1 percentage points each month, the potential for further rate cuts next year may be underestimated.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
BUZZ - Euronet shares fall due to third-quarter earnings missing expectations
U.S. durable goods orders in September posted the largest increase in five months, with AI investment supporting corporate equipment demand
U.S. durable goods orders rose by 1.8% month-on-month in September, marking the largest increase in five months and surpassing the previous upwardly revised figure of 0.1%, though slightly below the market expectation of 1.9%. Manufacturing demand further recovered, with broad gains in orders for aircraft, computers, machinery, and automobiles. Business equipment investment also remained strong, providing new support for U.S. economic growth in the third quarter.
BioInvent to Present Interim Financial Report
Crypto prices
More
