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U.S. Employment Data Due Tonight with Fed Rate Cut Odds at 94%

Multiple U.S. employment indicators are scheduled for release on Dec. 4, with initial jobless claims for the week ending Nov. 29 expected at 220,000 at 21:30, according to the calendar. Additional releases include November Challenger job cuts at 20:30, November Global Supply Chain Pressure Index and September factory orders month-over-month at 23:00. Polymarket data show markets have priced in a 25 basis point Federal Reserve rate cut in December at 94% probability as of press time.
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