Tonight at 8:30 PM UTC+8, the U.S. will release its weekly jobless claims data, with forecasts anticipating a slight decrease from last week’s 235,000 to approximately 230,000. Pre-release indicators suggest market anticipation for potential Fed action. CME’s FedWatch Tool reveals an 87.2% probability of a 25 basis point rate cut by the Federal Reserve in September, while keeping rates at current levels has a likelihood of 12.8%. Looking further ahead, the probability of maintaining unchanged rates through October stands at 6.2%. However, 49% expect a cumulative 25 basis point rate cut and 44.7% predict a 50 basis point cut. These expectations are aligned with upcoming FOMC meetings scheduled for September 17 and October 29th.