US March nonfarm payrolls surge by 300,000; expectations of June rate cut significantly reduced
Under the swap market, the expected rate cut by the Federal Reserve in 2024 has been lowered. US rate futures now price in two rate cuts by the Fed in 2024, reducing the probability of a rate cut in June to 54.5%.
Cristiano04-07
non-farm-payrolls/inflation/Fed rate cut