December is always full of surprises from the perspective of central bankers. The surprise doesn’t end, since many central bankers across the globe are calling for a cut, citing various issues in their economies. Most economies have called for a rate cut, citing a decline in inflation. And considering many of their economic fundamentals are showcasing a strong trend, the members of the central banking committee opt for the anticipated rate cuts.

The US job market faced a rough phase in the last couple of months and showed a weak labor market. Job quitting rates have remained low, and layoffs have increased in 2025.