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The jobs report was stronger but the price action is cautiously little changed

The US jobs report showed a much stronger jobs report but the unemployment rate was also higher at 3.7% versus 3.4%. Fed officials would like to see the unemployment rate come off the boil.For a June hike the expectations was 29% to 36%There is a 60% probability of a July hikeThe end-of-year Fed funds rate moved from 4.9% now 4.92%The breakdown of the different sectors highlights showed. Professional and business services added 64,000 jobs, with continued growth in professional, scientific, and... Read More

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Content Topics

Jobs

Report

Stronger

Price

Action

Cautiously

Little

Changed

Forex

Posted: Jun 2 2023, 12:43

Author Name: forexlive

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