US Jobless Claims Drop Sharply, Fed Rate Cuts Look Less Urgent
US preliminary jobless claims fell sharply within the remaining week of December, reinforcing indicators of labor market resilience and complicating expectations for early rate of interest cuts in 2026. Initial claims for the week ending December 27 dropped to 199,000, the bottom stage since late November and nicely beneath forecasts of 220,000. The prior week’s…
