US employment data exceeds expectations: Impact on financial markets
On May 2, US employment data was released showing a strong increase in jobs, with an impressive figure of 177,000 people. This demonstrates that uncertainty over tariffs has not yet had a significant impact on the US labor market.
Traders' reactions: Cutting rate predictions
In light of this positive data, traders adjusted their expectations for interest rate cuts by the Federal Reserve (Fed). Initially, the market predicted a cut of about 90 basis points for the year. However, after the data was released, this expectation decreased to around 85 basis points.
US bonds under pressure
US government bonds reacted negatively to the new situation. The two-year bond yield rose by 7 basis points to 3.77%, indicating pressure on the bond market in the context of positive employment data.
The above information is for reference only and is not investment advice.
Source: https://tintucbitcoin.com/thi-truong-hoa-ky-manh-len-anh-huong-the-nao-toi-tien-dien-tu/
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