Market lowers expectations for Fed rate cut in 2024
According to the news from Jinshi, after the release of the March non-farm report, the US Dollar Index DXY continued to rise by nearly 40 points, now trading at 104.56; in the swap market, expectations for a Fed rate cut in 2024 have been adjusted, delaying the first date of fully pricing in a Fed rate cut from July to September.
Earlier news: The seasonally adjusted non-farm payrolls in the United States increased by 303,000 in March, far exceeding expectations and marking the largest increase since May 2023.
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