Analyst: If similar non-farm payroll data occurs multiple times again, the baseline scenario will shift to multiple rate hikes.

ME News report, June 5 (UTC+8). Institutional analyst Jersey commented on the U.S. non-farm payroll data, saying it is difficult to describe the jobs market as weak. For the interest rate market, the risk is more likely to lean toward further rate hikes, while the probability of rate cuts would decrease. Kevin Warsh finds it hard to persuade other members of the Federal Reserve’s monetary policy committee to lower interest rates. Jersey said he does not believe rate hikes are imminent, but if several more rounds of employment growth similar to this occur, multiple rate hikes will become his baseline scenario. (Source: ODAILY)
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