In early November, markets were moderately confident that a slowing labor market would persuade the Federal Reserve to cut interest rates for a third time at the Dec. 10 policy meeting. But confidence on that bet is unravelling amid concerns that inflation may not be as benign as recently expected.
Daily Archives: November 17, 2025
Macro Briefing: 17 November 2025
The US Labor Department said it will release the delayed payrolls report for September this week, on Thursday (Nov. 20). “The absence of timely official numbers left the markets and the Fed operating in a data fog, forced to scour alternate sources to gauge the underlying outlook,” Bank of America economist Shruti Mishra said in a note. “With the shutdown resolved, all eyes will now be on the incoming data dump.” The Economsit reports: “ADP’s numbers point to a decline in September, followed by a rebound in October. Those of Revelio Labs, a competitor, point to a rise in September and a decline in October.”