It is difficult for the Fed to turn loose (June 5)

Market participants said that the strong non-agricultural employment data may continue to delay the Fed‘s interest rate cut schedule. Economists pointed out that in early May, the market ignored structural pressures in the US labor market and bet on a rate cut in the second half of the year. However, the relevant data exceeded expectations and confirmed the strong resilience of the US labor market. The market’s expectations for the Fed’s policy stance have been reversed again, and interest rate hike expectations have been revived.