May nonfarm payrolls beat expectations! Will the Fed hike rates this year?
At 20:30 Beijing time this Friday (June 5), data released showed that the U.S. nonfarm payrolls for May increased by 172,000 after seasonal
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At 20:30 Beijing time this Friday (June 5), data released showed that the U.S. nonfarm payrolls for May increased by 172,000 after seasonal adjustment, exceeding market expectations of an 85,000 increase; the unemployment rate held steady at 4.3% for the second consecutive month, in line with market forecasts. $US Nonfarm Payrolls (USNFP.EC)$ Nonfarm payrolls rose by 172,000, exceeding market expectations of an 85,000 increase; the unemployment rate held steady at 4.3% in May, unchanged for the second consecutive month and in line with forecasts. Following the release, U.S. equity index futures declined, gold prices fell, the dollar index rose, and Treasury yields moved higher. Markets continue to price in the Federal Reserve holding rates steady at its June policy meeting but fully factor in a 25-basis-point rate hike by year-end. Could shifts in Fed rate expectations impact the current AI-driven rally in U.S. equities? What is your take on this latest nonfarm payroll report?
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May nonfarm payrolls beat expectations! Will the Fed hike rates this year?