Short-term interest rate futures traders expect the Fed to cut rates by 50 basis points by June
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Planet Daily News: In March, the number of jobs added in the United States far exceeded expectations. However, under the conditions of declining business confidence and stock market sell-offs, Trump's tariff policies may test the labor market's resilience in the coming months. Non-farm employment increased by 228,000 jobs in March. The unemployment rate rose from 4.1% in February to 4.2%. Economists anticipate that the impact of reciprocal tariffs may become apparent in the April employment report. As consumers curl up amid price increases, retail employment is most likely to decline. Financial markets expect the Federal Reserve to resume interest rate cuts before June after pausing the policy easing cycle in January. Short-term interest rate futures traders anticipate the Fed will cut rates by 50 basis points by June. (Jinshi)
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