U.S. Inflation and Unemployment Rates Show Unexpected Trends in November

According to Odaily, the inflation rate in the United States for November was significantly lower than economists had anticipated, while the unemployment rate unexpectedly increased. Due to a 43-day federal government shutdown, which led to distorted and incomplete information, investors have been cautious in interpreting these figures. Michael Lorizio, head of U.S. rates and mortgage trading at Manulife Investment Management, noted that even with these considerations, the potential for inflation data to exceed expectations is quite limited. He added that if the labor market continues its current trajectory, with the unemployment rate rising by 0.1 percentage points each month, the possibility of further interest rate cuts next year might be underestimated.