Short-term interest rate futures traders expect the Fed to cut rates by 50 basis points by June

CoinRank News: The U.S. economy added far more jobs than expected in March, but Trumps tariff policy could test the resilience of the labor market in the coming months amid falling business confidence and a stock market sell-off. Nonfarm payrolls added 228,000 jobs in March. The unemployment rate rose to 4.2% from 4.1% in February. Economists expect the impact of reciprocal tariffs could be seen in the April jobs report. Retail payrolls are most likely to fall as consumers hunker down amid rising prices. Financial markets expect the Federal Reserve to resume rate cuts by June after pausing its policy easing cycle in January. Traders in short-term interest rate futures expect the Fed to cut rates by 50 basis points by June. (Jinshi)