After the US Initial Jobless Claims data release, the probability of a 25 basis points interest rate cut by the Federal Reserve in December is 89.2%.

BlockBeats News, December 4th: In the United States, for the week ending November 29th, initial jobless claims were 191,000, the lowest since the week of September 24th, 2022, compared to an expected 220,000.

According to CME's "FedWatch" data, following today's release of initial jobless claims data in the United States, the probability of a 25 basis-point rate cut by the Federal Reserve in December is 89.2%, while the probability of no change in interest rates is 10.8%.