Insights

Market has started to price in a 10% chance of a 25bps rate hike, due to jobs data

exchange68September 13, 2024

0 0 1 minute read

Quick Take

The U.S. unemployment rate moves down to 3.4%, the lowest level since 1969.
Payroll data came in at 253,000, with an expectancy of 185,000.
The market is currently pricing in a pause, but 25bps was not considered before today; now, there is a 10% chance.
This would take the fed funds rate to 5.25-5.50

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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