According to a report by Michael Brown, a senior research strategist at Pepperstone, the rise in US unemployment should be enough reason to solidify the Fed's 25 basis point rate cut next week. In November, non-farm employment in the US was 227,000, higher than the analyst expected 214,000 in the Wall Street Journal survey, but the unemployment rate rose from 4.1% announced last Friday to 4.2%. If Fed policymakers are concerned about Trump's early presidency obstructing the inflation rate or potential upward inflation risks, they may skip the rate hike in January.
