Jobs Report Raises Doubts About Fed Rate Cuts
- The U.S. added 130,000 jobs, with unemployment at 4.3%.
- Treasury yields increased by 48 basis points to reach 4.41%.
- The Fed Rate Decisions market shows uncertainty for a June rate cut.
- Oil prices exceed $100 per barrel amid Middle East tensions.
- Trading volume is currently $0, indicating market hesitation.
The latest employment data complicates expectations for a potential rate cut at the June FOMC meeting, especially given rising Treasury yields and a strong labor market.
Source (3.2)https://cryptobriefing.com/jobs-report-raises-doubts-about-fed-rate-cuts-treasury-yields-jump-ft/?rand=59535