「Powell Era」's First Non-Farm Payroll Report Significantly Beats Expectations, Trump Camp Remains Unyielding, Rate Hike Now Market Consensus
BlockBeats News, June 5th. Today, the first non-farm payroll data of the "Powell era" was released, far exceeding expectations. Analysts and traders seem to have reached a consensus on a rate hike:
Leading analyst and "Fed Whisperer" Nick Timiraos immediately stated that the non-farm payroll report would not entirely resolve the debate over the Fed's rate hike magnitude, but a short-term rate cut is now basically impossible.
CME's "FedWatch" data has validated this view: by December this year, the probability of a Fed rate hike has risen to 67.7%, with the only disagreement being the magnitude of the hike.
In addition, investment banks have also made judgments: BNP Paribas predicts that the Fed will begin a series of three consecutive rate hikes starting in December 2026.
After the data was released, the only camp still insisting on a rate cut is the Trump administration. Hassett, Director of the White House National Economic Council, stated after the data release that US employment data absolutely does not foreshadow inflation, the Fed should not hike rates, and there is room for a cut. The Fed has always been behind the curve, and there is still ample room for a rate cut.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Spot silver hits $59/ounce, down 1.29% intraday
Spot silver has just touched the $59.00/oz mark, currently quoted at $59.00/oz, down 1.29% on the day. The main COMEX silver futures contract is now trading at $59.28/oz, down 1.68% on the day.
ECB’s Cipollone says the purpose of the digital euro is not to replace cash
European Central Bank Executive Board member Cipollone stated that while some people may have initially worried that the purpose of the digital euro was to replace cash, this is not the case. More than 80% support a single currency. People trust the euro, our common currency.
Finland’s trade deficit in August reached 1.145 billion euros.
Finland recorded a trade deficit of 1.145 billions euros in August.
Google (GOOGL.US)-backed AI pharmaceutical company Isomorphic Labs starts a new round of fundraising: received $2.1 billions just five months ago, this round aims for a $50 billions valuation.
According to sources cited by Zhitong Finance APP, Isomorphic Labs, an AI drug development startup spun out from Google DeepMind, a subsidiary of Alphabet (GOOGL.US), is in preliminary talks for a new round of financing with a target valuation of at least $40 billion.
Crypto prices
More
