As of 12:01 pm AST 25 November 2020, U.S. Treasury rates and Federal Funds rates are as follows:
Fed Funds Rate: 0.08%
Federal Reserve Target: 0.25%
Prime Rate: 3.25%
Major political/legal event:
First-time unemployment claims increase
The number of first time unemployment claimants is still high. This morning the U.S. Department of Labor reported that 778,000 Americans filed for unemployment insurance for the first time during the week of November 21st, an increase of some 30,000 claimants from last week. Since the peak of 5,790,250 in April 2020, the moving average of total insured claimants has been trending toward the moving average level pre-Covid-19 but is still more than three times its March 14, 2020 pre-Covid-19 moving average level of approximately 232,500. The labor market still has a way to go before getting back to that point.
Source: U.S. Department of Labor