Quick Take The U.S. unemployment rate moves down to 3.4%, the lowest level since 1969. Payroll data came in at 253,000, with an expectancy of 185,000. The market is currently pricing in a pause, but 25bps was not considered before today; now, there is a 10% chance. This would tak...
Quick Take
- The U.S. unemployment rate moves down to 3.4%, the lowest level since 1969.
- Payroll data came in at 253,000, with an expectancy of 185,000.
- The market is currently pricing in a pause, but 25bps was not considered before today; now, there is a 10% chance.
- This would take the fed funds rate to 5.25-5.50
The post Market has started to price in a 10% chance of a 25bps rate hike, due to jobs data appeared first on CryptoSlate.