After the release of initial jobless claims data, the probability of a rate cut in September is now reported at 87.3%.

BlockBeats News, August 28, according to CME "FedWatch" data, after the release of initial jobless claims, the probability of the Federal Reserve cutting interest rates by 25 basis points in September is now reported at 87.3%, while the probability of keeping rates unchanged is 12.7%.

Previously reported, for the week ending August 23, initial jobless claims in the United States were 229,000, with an expected 230,000, and the previous value was revised from 235,000 to 234,000.