Tonight the US will release a series of employment data, with the probability of a rate cut as high as 94%.

BlockBeats News, December 4th. According to the schedule, tonight at 20:30 ET, the US November Challenger Job-Cut Report will be released; at 21:30 ET, the US initial jobless claims for the week ending November 29th will be announced, with an expected value of 220,000.

In addition, at 23:00 ET, the US November Global Supply Chain Pressure Index and the US September Factory Orders Month-over-Month will also be released.

Although tonight's employment data is relatively important, the market is currently heavily pricing in a 25 basis-point rate cut by the Federal Reserve in December. At the time of writing, the probability of this event on Polymarket has reached as high as 94%.