The Fed enters its biggest meeting of the year on Dec. 9–10 with no October jobs report, no November jobs report, and no November CPI in hand. $VIX up 40% in a month!

BREAKING: The US Labor Department announces that November CPI inflation data will be released on December 18th. The "employment situation" data for October and November and CPI inflation data are BOTH coming after the Fed meeting. The Fed is in a data blackout still. — The Kobeissi Letter (@KobeissiLetter) November 21, 2025 💥BREAKING: 🇺🇸 BLS …

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