After the release of the unemployment rate and non-farm payroll data, the probability of a 25 basis point rate cut by the Federal Reserve in December has risen to 41.6%.
BlockBeats News, November 20th. According to CME's "FedWatch" data, after the release of the US September unemployment rate and non-farm payroll data at 21:30 tonight, the probability of a 25 basis point interest rate cut by the Fed in December is 41.6%, higher than the pre-announcement value of 27.8%, with the probability of no change at 58.4%.
Earlier reports indicated that the US September unemployment rate was 4.4%, higher than the expected 4.30% and the previous value of 4.30%. The US September seasonally adjusted non-farm employment increased by 119,000, exceeding the expected 50,000, with the previous value revised from an increase of 22,000 to a decrease of 0.4 thousand. The number of initial jobless claims in the US for the week ending November 15th was 220,000, with an expectation of 230,000.
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