US employment report for April keeps stock market hopes up for a continued rally
While the bond market’s odds of a rate cut in the third quarter have improved, this can literally change to something very different with a single new future data point
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The US employment report for April announced on Friday, May 3, by the US department of Labour, had the US stock markets jumping for joy initially. But the joy could be short lived. Let’s understand why.
The entire US stock market rally since November last year was on the premise that the US Federal Reserve (US central bank) would cut interest rates multiple times in 2024 beginning in March or at the latest by June. This has not
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