Fed Beige Book: Economic activity has remained largely unchanged in recent weeks, with increasing polarization among consumers.

The number of initial jobless claims in the U.S. for the week ending November 22 recorded 216,000, lower than the expected 225,000 and the revised previous value of 222,000, marking the lowest level since the week of April 12, 2025.
JPMorgan economists have changed their forecast, believing that the Fed will start cutting interest rates in December, which reverses the bank's judgment a week ago that policymakers would delay rate cuts until January next year. #Gate广场圣诞送温暖