Jobs report fuels hypothesis of impending rate of interest hike

Fast Take

• On the information of as we speak, job report, and unemployment knowledge, the market is now pricing in a 70% likelihood of a 25bps price hike.
• This might take the federal funds price above 5%.
• The market now expects a 25bps hike in Might, a pause in June, and a 25bps reduce in July.
• Nevertheless, we now have a few inflation stories, with CPI on April 12 and PCE on April 28.
• So we anticipate the information to vary because the month rolls on.

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