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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