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

Odaily Planet Daily reported that the US economy added far more jobs than expected in March, but with declining business confidence and stock market sell-off, Trump's tariff policies may test the resilience of the labor market in the coming months. Non farm employment increased by 228000 jobs in March. The unemployment rate rose from 4.1% in February to 4.2%. Economists predict that the impact of equivalent tariffs may become apparent in the April employment report. As consumers curl up in price increases, retail employment is most likely to decline. The financial market expects that the Federal Reserve will resume interest rate cuts before June after suspending its policy easing cycle in January. Short term interest rate futures traders expect the Federal Reserve to cut interest rates by 50 basis points by June. (Golden Ten)