Lates News

According to foreign media reports, May non-farm payroll data far exceeded market expectations, leading to a significant increase in bets in the U.S. interest rate futures market on the Federal Reserve raising rates at its December meeting. According to LSEG data, the interest rate futures market currently predicts a 65% probability of a rate hike by the Federal Reserve in December, up from 48% before the employment report was released. For the June meeting, the market generally expects the Federal Reserve to keep rates unchanged at the range of 3.50% to 3.75%. The stronger-than-expected employment data indicates that the U.S. labor market still has resilience, further weakening market expectations of a rate cut in the near term while also strengthening investors' judgment that the Federal Reserve may restart rate hikes in the future to address inflation pressures.