Traders raise June Fed rate cut bets after weak jobs data
Traders raised the odds of a June rate cut to 49 percent after the economy shed jobs. This shift follows concerns that high oil prices might bolster inflation.
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Xurve View
Market expectations for a June interest rate reduction by the Federal Reserve have shifted upward following the release of disappointing employment figures. The United States economy reportedly shed jobs last month, prompting traders to recalibrate their outlook on monetary policy.
