<h2 id="quick-take">Quick Take</h2>
<ul>
<li>The U.S. unemployment rate moves down to 3.4%, the lowest level since 1969.</li>
<li>Payroll data came in at 253,000, with an expectancy of 185,000.</li>
<li>The market is currently pricing in a pause, but 25bps was not considered before today; now, there is a 10% chance.</li>
<li>This would take the fed funds rate to 5.25-5.50</li>
</ul>
<figure id="attachment_323044" aria-describedby="caption-attachment-323044" style="width: 1485px" class="wp-caption aligncenter"><img class="wp-image-323044 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/CME.png" alt="Fed funds: (Source: CME)" width="1485" height="897" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/CME.png 1485w, https://cryptoslate.com/wp-content/uploads/2023/05/CME-300x181.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/CME-1024x619.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/CME-768x464.png 768w" sizes="(max-width: 1485px) 100vw, 1485px" /><figcaption id="caption-attachment-323044" class="wp-caption-text">Fed funds: (Source: CME)</figcaption></figure>
<figure id="attachment_323043" aria-describedby="caption-attachment-323043" style="width: 663px" class="wp-caption aligncenter"><img class="wp-image-323043 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/unemployment.png" alt="Unemployment: (Source: Charlie Biello)" width="663" height="403" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/unemployment.png 663w, https://cryptoslate.com/wp-content/uploads/2023/05/unemployment-300x182.png 300w" sizes="(max-width: 663px) 100vw, 663px" /><figcaption id="caption-attachment-323043" class="wp-caption-text">Unemployment: (Source: Charlie Biello)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/market-has-started-to-price-in-a-10-chance-of-a-25bps-rate-hike-due-to-unemployment-data/">Market has started to price in a 10% chance of a 25bps rate hike, due to jobs data</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Market has started to price in a 10% chance of a 25bps rate hike, due to jobs data

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