According to Jin Shi data, analyst Cameron Crise stated that the data combination in the non-farm report gives traders reason to lower their expectations for the Federal Reserve's easing. Traders still expect the Federal Reserve to cut interest rates more than twice this year.
If non-farm payrolls and other 'hard data' continue to challenge the economic weakness signals emitted by 'soft data', then bets on the Federal Reserve cutting interest rates may further diminish.