The number of initial jobless claims in the United States has returned to a moderate level, and the probability of the Federal Reserve cutting interest rates by 25 basis points in March has decreased to 7%

Odaily Planet Daily reported that the number of unemployment claims in the United States decreased last week, returning to a moderate level at the beginning of the year. As of the week ending March 1st, the number of initial jobless claims decreased by 21000 to 221000, lower than the expected 233000. The number of people applying for unemployment benefits rose to 1.9 million last week. This number is close to the highest level in three years set in January this year, indicating that the unemployed are facing more difficulties in finding new jobs. Economists are closely monitoring the weekly number of unemployment claims in search of signs of a worsening job market. Currently, the Trump administration is taking action to reduce the size of the federal government, and concerns about the impact of tariffs are also affecting business decisions. (Golden Ten) According to CME Federal Reserve observation data, after the release of initial jobless claims in the United States, the probability of the Fed cutting interest rates by 25 basis points in March has dropped to 7% (previously 9%), with about 13 days left until the next FOMC meeting.