U.S. Weekly Jobless Claims and Fed Rate Expectations

According to BlockBeats, the U.S. weekly jobless claims data is set to be released tonight at 8:30 PM UTC+8, with expectations at 230,000, slightly down from the previous 235,000. Ahead of this release, CME's FedWatch Tool indicates an 87.2% probability of a 25 basis point rate cut by the Federal Reserve in September, while the likelihood of maintaining the current rate stands at 12.8%. Looking further ahead, the probability of the Federal Reserve keeping rates unchanged through October is 6.2%. The chances of a cumulative 25 basis point rate cut are 49%, and a 50 basis point cut is at 44.7%. The upcoming Federal Open Market Committee (FOMC) meetings are scheduled for September 17 and October 29.