After the release of the Unemployment Rate and Nonfarm Payrolls data, the probability of a 25 basis point interest rate cut by the Fed in December has risen to 41.6%.

BlockBeats News, November 20th, according to CME's "FedWatch" data, tonight at 9:30 p.m. EST, after the release of the US September unemployment rate and non-farm payrolls data, the probability of a 25 basis point rate cut by the Fed in December is 41.6%, up from the pre-announcement 27.8%, while the probability of no change is 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 payrolls increased by 119,000, exceeding the expected 50,000, with the previous value revised from 22,000 to -0.4 thousand. The US initial jobless claims for the week ending November 15th were 220,000, with expectations at 230,000.