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Investing.com – Interest expectations for the next meeting of the US Federal Reserve witnessed noticeable changes immediately after the release of US employment data.
However, after the issuance of the data, the matter changed, to become now in favor of a 25-point increase, given that the data came in favor and generally supports raising interest rates in the coming period, especially after the unemployment rate rose less than market expectations and less than the rate recorded in February.
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Recently released data
Employment data this time came in below experts’ expectations, and lower than the previous month’s figures. The data is expected to move the markets with the opening of next week’s trading, as the US market is on holiday today due to Holy Friday. As Al-Faisal is now in, it is scheduled to be released next week.
For the month of March, while experts expected an addition of 239 thousand, while the reading recorded in February was raised from 311 thousand to 326 thousand.
While there were only 189 thousand jobs, and expectations were for an addition of 215 thousand, and less than the previous reading as well, which was revised and raised from 265 thousand to 266 thousand.
On the other hand, it rose by 3.5% in March, less than the experts’ expectation that the ratio would remain the same as in February at 3.6%.
It rose by 0.3% in March, as expected by experts, but higher than the rate recorded in February by 0.2%. As for Ali, it rose by 4.2%, while experts expected it to rise by only 4.3%. However, February’s reading was 4.6%.
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Interest pricing now
The markets are now pricing the interest rate at the meeting scheduled for next May to raise the interest rate instead of fixing it, as it appears that the expectations changed to 66.9% in favor of raising the interest rate by 25 points, after it was 49.6% the previous day. The tool also indicates that it has stabilized at 33.1% from 50.4% the previous day.
