US: Solid NFP report reinforces belief of another 50 bps rate hike on June – Wells Fargo By MSalordFX Fed Banks
and reinforces their belief that the Federal Reserve will execute another 50 bps interest rate hike at its next meeting on June 14-15.“Nonfarm payroll growth barreled ahead in April. Employment rose by 428K in the month, more or less in line with consensus expectations after accounting for modestly negative revisions to prior months.
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