U.S. Jobless Claims Signal Labor Market Rebound as Fed Set to Hold Rates at January FOMC
The post U.S. Jobless Claims Signal Labor Market Rebound as Fed Set to Hold Rates at January FOMC appeared on BitcoinEthereumNews.com.
The U.S. initial jobless claims have come in lower than expectations, signaling a rebound in the job market after last year’s weak figures. This comes amid expectations that the Fed will hold rates steady at the January FOMC meeting. U.S. Initial Jobless Claims Come In Below Expectations Department of Labor data show that the adjusted initial claims for the week ending December 10 were 198,000, a decrease of 9,000 from the previous week’s revised level. The data also came in below expectations of 215,000, signaling a rebound in the labor market, with holiday-season volatility well over. This figure also marks the lowest level since November. As CoinGape reported, the jobless claims for the week ending January 3 came in below expectations, at 208,000. The Department of Labor revised this figure to 207,00, further supporting the case of a rebound in the labor market. This development comes as the Fed is likely to hold rates steady at the January FOMC meeting after making three rate cuts last year as insurance against further weakness in the labor market. CME FedWatch data shows there is currently a 95% chance the Fed leaves rates unchanged. Meanwhile, there is only a 5% chance they lower rates by 25 basis points (bps). Notably, the PPI inflation data, which dropped yesterday, also strengthened the case for the Fed to hold rates steady, just like the initial jobless claims. The inflation data came in at 3%, suggesting that inflation in the country may be trending higher. Some Fed officials have continued to raise concerns that inflation remains above their 2% target and could rise further due to the Trump tariffs. Fed’s Goolsbee Comments On The Economy In a CNBC interview, Chicago Fed President Austan Goolsbee said he is not surprised by the low jobless claims figures. He further remarked…
Filed under: News - @ January 15, 2026 3:26 pm