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After the US Initial Jobless Claims data release, the probability of a 25 basis points interest rate cut by the Federal Reserve in January is 11.6%.
BlockBeats News, January 8th, the U.S. initial jobless claims for the week ending January 3rd were 208,000, expected 210,000, with the previous value revised from 199,000 to 200,000.
According to CME's "FedWatch" data, after today's U.S. initial jobless claims data was released, the probability of a 25 basis point rate cut by the Fed in January is 11.6%, while the probability of keeping rates unchanged is 88.4%.
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