quick take
- From today’s news, jobs data and unemployment data, the market is currently pricing in a 70% chance of a 25bps rate hike.
- This will push the Federal Funds Rate above 5%.
- The market now expects a 25bps hike in May, a pause in June and a 25bps cut in July.
- However, there are two inflation reports, the April 12th CPI and the April 28th PCE.
- So expect the data to change as the month progresses.
Post-Jobs report fuels speculation of an imminent rate hike first appearing on CryptoSlate.
