You can forget any chance of a Fed rate cut next week after this jobs report.
US short-term interest-rate futures decrease following jobs data release, with traders decreasing bets on potential Federal Reserve rate cuts.
US Short-Term Interest-Rate Futures Down After Jobs Data, As Traders Trim Bets On Fed Rate Cuts
Following the release of strong U.S. nonfarm payroll (NFP) data, short-term interest-rate futures in the United States declined as traders reduced their expectations for Federal Reserve rate cuts. The robust jobs report has led market participants to reassess the likelihood of a rate reduction at the upcoming Federal Reserve meeting, with some analysts suggesting that the possibility of a cut next week is now unlikely. This market reaction reflects a shift in sentiment driven by the labor market data, which is a key indicator for monetary policy decisions.
