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The US non-farm payroll data exceeded expectations, with the probability of a rate cut for the US dollar starting in May at around 30%

The US non-farm payroll data exceeded expectations, with the probability of a rate cut for the US dollar starting in May at around 30%

2024/03/08 14:41

In February, the non-farm payroll employment in the United States exceeded expectations, with wage growth slowing down, further indicating signs of healthy economic growth and inflation deceleration. A report released by the US Bureau of Labor Statistics on Friday showed that last month's non -farm payroll employment increased by 275,000 people, while the total non-farm payroll employment for the previous two months was revised downward by 167,000 people. The unemployment rate rose to 3.9%. After the release of the employment report, traders still believe that the Federal Reserve will start cutting interest rates in June, with a probability of

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.
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