Before the non-farm data is released, the probability of the Federal Reserve cutting interest rates in May has risen to 28.9%
On April 4th, at 20:30 (UTC+8), the United States will announce the non-farm employment data for March after seasonal adjustment. According to Bloomberg's median forecast from economists' survey, the growth rate of non-farm employment in March may slow down from 151,000 people in February to 135,000 people. The unemployment rate is expected to remain unchanged at 4.1%.
According to CME "Fed Watch" data, the probability of the Federal Reserve cutting interest rates by 25 basis points in May has risen to 28.9%, up from a probability of 10.8% on the previous day.
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