- Analytics
- News and Tools
- Market News
- US: NFP does not change the calculus for the Fed – TD Securities
US: NFP does not change the calculus for the Fed – TD Securities
Data released on Friday showed employers added 431K jobs during March in the US. The unemployment rate fell to 3.6%. According to analysts from TD Securities, today’s numbers reinforce the strength of the labor market. They forecast a 50 bp rate hike in May and June.
Key Quotes:
“We think today's report does not change the calculus for the Fed. We continue to expect the Committee to increase rates by 50bp in both May and June, and to deliver a 25bp hike at each meeting through February 2023.”
“The payroll report reinforces the strength in the labor market, and we continue to look for 50bp Fed rate hikes in May and June, and 25bp hikes thereafter until February 2023. This should maintain the bear flattening pressure on the curve. The next key event for rates will be next week's FOMC minutes, which we expect to contain more discussion of QT.”
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
