With the U.S. inventory market closed on Good Friday, traders could have the weekend to digest an employment report that moved fed-funds-futures merchants to guess on an elevated probability of the Federal Reserve mountain climbing rates of interest early subsequent month.
Friday’s employment report places a “dent” within the case of traders who have been betting {that a} recession was imminent and the Fed would start reducing its benchmark fee quickly after its May coverage assembly, mentioned Sameer Samana, a senior international market strategist at Wells Fargo Investment Institute,…
Source web site: www.marketwatch.com
