3rd May 2024
- Traders Pull Forward First Fed Cut to November Ahead of Jobs (1)
Repricing comes after FOMC decision, ahead of key jobs report
But two-day bond rally leaves little room for further advance
https://blinks.bloomberg.com/news/stories/SCVRNET0AFB4
- US Labor Costs Rise by Most in a Year as Productivity Cools
Unit labor costs jump 4.7% after muted second half of 2023
Sustained productivity slowdown could limit inflation progress
https://blinks.bloomberg.com/news/stories/SCUZI3T0AFB4
- Money-Fund Assets Rise to $6 Trillion for First Time in 3 Weeks
Funds saw $23.6 billion of inflows in week to May 1: ICI
Fed prepared to hold target policy rate at a two-decade high
https://blinks.bloomberg.com/news/stories/SCVHN9T0AFB4
- US Jobs Report to Show Continuing Streak of Big Employment Gains
Forecasters see strong job growth amid cooling wage pressures
Downside surprises could be meaningful for Fed policy outlook
https://blinks.bloomberg.com/news/stories/SCVPAUT1UM0W
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