Market has started to price in a 10% chance of a 25bps rate hike, due to unemployment data

quick take

  • The US unemployment rate has fallen to 3.4%, the lowest level since 1969.
  • The salary data was 253,000 and the expected value was 185,000.
  • While the market is currently paused, 25bps was not considered until today. 10% chance now.
  • This makes the Federal Funds interest rate between 5.25 and 5.50.
Federal Funds: (Source: CME)
Unemployment rate: (Source: Charlie Biello)
Unemployment rate: (Source: Charlie Biello)

The post market has started pricing in a 10% chance of a 25bps rate hike as unemployment data first appeared on CryptoSlate.

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