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TechFlow news, June 6 — According to Jinshi Data, after Friday's stronger-than-expected May nonfarm payrolls report, Wall Street traders reduced their bets on rate cuts. Per CME data, the probability of three or more 25-basis-point rate cuts this year dropped from 36% on Thursday to 25%. The likelihood of one or zero rate cuts rose from 25% to 34%.
According to Jinshi Data, Wall Street traders reduced their bets on rate cuts after Friday's stronger-than-expected May nonfarm payrolls report. CME data shows that the probability of three or more 25-basis-point rate cuts this year dropped from 36% on Thursday to 25%. The likelihood of one or zero rate cuts rose from 25% to 34%.
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