Insights

Jobs report fuels speculation of impending interest rate hike

exchange68September 13, 2024

0 0 1 minute read

Quick Take

On the news of today, job report, and unemployment data, the market is now pricing in a 70% chance of a 25bps rate hike.
This would take the federal funds rate above 5%.
The market now expects a 25bps hike in May, a pause in June, and a 25bps cut in July.
However, we have a couple of inflation reports, with CPI on April 12 and PCE on April 28.
So we expect the data to change as the month rolls on.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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