The probability of a Federal Reserve rate cut in September has risen to 87.3% after the unemployment data

According to BlockBeats, data from "FedWatch" CME indicates that following the release of initial unemployment claims data, the probability that the Federal Reserve will lower interest rates by 25 basis points in September is currently 87.3%. The probability of maintaining the current rate is 12.7%.

Previous reports highlighted that the number of initial unemployment claims in the United States for the week ending August 23 was 229,000, slightly below the expected 230,000. The previous value was revised from 235,000 to 234,000.