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After the initial unemployment claims were released, the probability of a rate cut in September is now at 87.3%.
BlockBeats News, August 28th, according to CME's "FedWatch" data, after the initial jobless claims were released, the probability of a 25 basis point interest rate cut by the Fed in September is currently at 87.3%, with a probability of no rate change at 12.7%.
Earlier reports indicated that the initial jobless claims in the U.S. for the week ending August 23rd were 229,000, with an expectation of 230,000, and a revised previous value from 235,000 to 234,000.
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