Tech

Jobs report fuels speculation of impending interest rate hike

04/07/2023
Bitcoin Ethereum News

Quick Take

  • On the news of today, job report, and unemployment data, the market is now pricing in a 70% chance of a 25bps rate hike.
  • This would take 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, we have a couple of inflation reports, with CPI on April 12 and PCE on April 28.
  • So we expect the data to change as the month rolls on.
Probabilities: (Source: CME)
Probabilities: (Source: CME)
Probabilities: (Source: CME)
Probabilities: (Source: CME)

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