Institution: The urgency of the Federal Reserve's recent rate cuts has diminished

Odaily Planet Daily reports that institutional analysis indicates the United States’ unemployment rate remained steady at 4.4% on December 4, unchanged from September, easing concerns about a surge to 4.6% in November. Although higher than the lows seen during the post-pandemic hiring boom, this unemployment rate is still quite moderate by historical standards. These data may marginalize discussions about the Federal Reserve cutting interest rates in January—given the declining unemployment rate and limited initial jobless claims, officials may not feel strong urgency to further cut rates after three consecutive rate cuts in 2025. (Jin10)