Weekly U.S. initial jobless claims came in at 208,000 for the week ended July 11, below the 217,000 consensus estimate, according to the figures cited by BlockBeats. The previous reading was revised to 216,000 from 215,000. Following the release, CME FedWatch data showed markets pricing an 87.7% probability that the Federal Reserve will leave rates unchanged at its July meeting. The probability of a 25-basis-point rate increase was 12.3%. The update reflects how interest-rate expectations shifted immediately after the labor-market data was published.
BlockBeats reported on July 16 that U.S. initial jobless claims for the week ended July 11 came in at 208,000, compared with an expected 217,000. The previous figure was revised to 216,000 from 215,000.
After the data was released, CME FedWatch showed an 87.7% probability that the Federal Reserve will keep rates unchanged in July. The probability of a 25-basis-point rate hike stood at 12.3%.
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