After the U.S. initial jobless claims data release, the probability of a 25 basis points rate cut by the Federal Reserve in December is 89.2%.

BlockBeats News, December 4th, the U.S. initial jobless claims for the week ending November 29th was 191,000, the lowest since the week of September 24th, 2022. Expectations were 220,000.

According to CME’s “FedWatch” data, following today’s release of the U.S. initial jobless claims data, the probability of a 25 basis point rate cut by the Fed in December is 89.2%, while the probability of no rate change is 10.8%.