Analyst: Strong non-farm payrolls may reduce the likelihood of interest rate cuts in the first half of the year, but it is still too early to rule them out entirely.

robot
Abstract generation in progress

Odaily Planet Daily News reports that Investinglive analyst Justin Low stated that all eyes are focused on the non-farm payroll data, as market participants are waiting for the news to react. Currently, traders expect the Federal Reserve to cut interest rates by approximately 60 basis points this year, with the June meeting already priced in for the next 25 basis point rate cut. The weak consumer outlook presented yesterday naturally reinforced this pricing expectation. If today’s non-farm payroll data shows strong performance and the unemployment rate remains stable, it suggests that the Federal Reserve may keep interest rates unchanged for a longer period. In an optimistic scenario, this could significantly reduce the risk of rate cuts in the first half of the year. However, given the mixed signals conveyed by yesterday’s US consumer data, it is still premature to completely rule out further rate cuts in June or July. (Jin10)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)