📊 US Economic Data & Fed Rate Cut Expectations

Key US economic indicators are set for release today, influencing market expectations for future Federal Reserve policy. At 8:30 PM (UTC+8), the November Challenger Job Cuts Report will be published.

Crucially, initial jobless claims for the week ending November 29th follow at 9:30 PM (UTC+8), widely forecasted at 220,000 applications. Later today, at 11:00 PM (UTC+8), the November Global Supply Chain Pressure Index and September’s factory orders will also be released.

Despite these metrics, market attention remains overwhelmingly focused on the Fed's next move. 🏦 Betting markets, including Polymarket, indicate an exceptionally high 94% probability for a 25 basis point interest rate cut in December.

This strong anticipation of easing financial conditions is generally perceived as a supportive macroeconomic backdrop for risk assets. This dovish sentiment often positively influences the crypto market, providing subtle underlying support for Bitcoin BTC and its potential upward trajectory. $BTC