After the release of the U.S. initial jobless claims data, the probability that the Fed will keep interest rates unchanged in July is 87.7%.

BlockBeats message: On July 16, for the week starting July 11 to July 16 in the U.S., initial jobless claims were 208k, expected 217k. The prior value was revised from 215k to 216k.

According to CME’s “FedWatch” data, after today’s U.S. initial jobless claims data was released, the probability that the Federal Reserve will keep rates unchanged in July is 87.7%, and the probability of a 25-basis-point rate hike is 12.3%.

CME0.06%
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