Analyst: A few more non-farm payroll reports like this, and the baseline scenario will shift to multiple rate hikes

According to a report from Golden Ten Data on June 5, institutional analyst Jersey commented on the US non-farm data: It’s difficult to describe the jobs market as anything but strong. For the interest rate market, risks are tilted more towards rate hikes, and the probability of rate cuts will decrease. It will be difficult for Kevin Walsh to convince the other members of the Federal Reserve’s Monetary Policy Committee to cut rates. We do not believe a rate hike is imminent, but if several more employment increases like this occur, multiple rate hikes will become our base case scenario.