December 9, 2025
For the past several weeks we have been touting the fact that the Federal Reserve will have an avalanche of data to consider when they meet in December. Well, the December meeting starts today and certainly there is a whole bunch of data to consider. However, the most important data indicating the direction of the economy right now is the jobs report. The report for September was mixed at best. There was a more than expected increase of 114,000 jobs, but the gain was tempered by the revision downward of 33,000 jobs for the previous two months. Plus, the unemployment rate continued to inch upward, which is a concerning trend.
It would sure be nice for the Fed to review the October and November jobs data before they issue their decision. Unfortunately, the October report is not being released, and the November report is being delayed until next week. Not to say that other data is not important – especially the inflation report. However, inflation has been running higher than the Fed target of 2.0% and the October Consumer Price Index report is also not being issued. Higher inflation would make the Fed more reluctant to lower rates. What could override the inflation data? A weaker than expected jobs report.
So, might the Fed act in a conservative manner in the absence of jobs and inflation data? In other words, could they lower rates surmising that the job market is weak enough to offset any bad news on the inflation front. There are certainly plenty of other reports that could give the Fed a clue as to the direction of the employment sector. For example, the ADP private payroll report and the Challenger report on layoffs. None of these are an exact substitute for the jobs report but that is what the Fed will have to work with. By tomorrow we will have our answer. In the meantime, there is plenty of other data for them to chew on. We expect the Fed will have some interesting discussions over the next day and a half.
Source: Origination Pro
Call: (718) 943-9200
We are your local neighborhood mortgage loan experts. We live and work in Astoria, Queens NY and surrounding neighborhoods and are dedicated to seeing our community grow and prosper.
AMERIMUTUAL MORTGAGE (NMLS# 148447) Address: 18-33 41st Street, 2nd Floor, Astoria, NY 11105 Tel: (718) 943-9200 Fax: (718) 204 – 0657
Backed by a long history of integrity and driven by a commitment to enrich the community of Astoria Queens and the surrounding neighborhoods of Queens, Brooklyn, NYC and Long Island, AMERIMUTUAL Mortgage is family-owned and operated local business that is proud to make a difference by matching home buyers with the right mortgage products for their needs.
As a respected leader in the NYC, New York lending business, AMERIMUTUAL Mortgage in Astoria NY has been successful in revolutionizing the industry one mortgage at a time. Our company values are grounded in the principles of honesty and fair dealing. For you, this means responsible lending with reasonable fees and you can enjoy a worry-free lending experience from a local Astoria, NY business you can trust.