Before Non-Farm Payrolls Data Release, Fed's May Rate Cut Probability Rises to 28.9%

BlockBeats News, April 4th, at 20:30 (Beijing time), the U.S. will release the March seasonally adjusted non-farm payroll data. According to Bloomberg's survey of economists' median forecasts, the March non-farm payroll growth rate may slow down from 151K in February to 135K, with the unemployment rate expected to remain unchanged at 4.1%.

According to CME's "FedWatch" data, the probability of a 25 basis-point rate cut by the Fed in May has risen to 28.9%, up from 10.8% the previous day.