January-March Employment Boom Impact on June Rate Cut Forecast
The strong employment numbers in January-March make a June rate cut by the Federal Reserve highly unlikely, with the private sector showing significant job gains and the unemployment rate dropping to 3.8%. The market expectations for a rate cut in June have decreased after the latest job report.
Key Points
- Private sector job gains were strong
- Unemployment rate decreased to 3.8%
- Market expectations for a rate cut have decreased
Pros
- Private sector job gains exceeded expectations
- Unemployment rate dropped to 3.8%
Cons
- Market expectations for a June rate cut have decreased