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MNI Employment Insight - Nothing To Rule Out A 50bp Hike

US
  • The March U.S. employment report was broadly as expected, i.e. strong. Payrolls growth was in line after positive revisions, the unemployment rate fell more than expected whilst average hours worked was the only disappointing part of the report.
  • Most of the eight sell side analysts reviewed below saw little reason to change their recently ramped up calls for 50bp hikes in upcoming meetings.
  • However, the fact it didn’t show anything that would argue against such tightening saw a further increase in pricing of hikes, pushing the Treasury curve more heavily into inversion across a variety of metrics although these moves are being unwound this morning.
See the full note with reviews from eight analysts here: https://marketnews.com/mni-us-employment-insight-nothing-to-stop-a-50bp-hike
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