Analyst: Good salary data will further lower expectations of interest rate cuts

According to BlockBeats, on June 6th, institutional analysts stated on the US non farm payroll report that "good wage data in the US may further push down expectations of interest rate cuts and have a negative impact on the front end of the yield curve. Overall, we believe that the employment data reinforces our view of the Federal Reserve's' sticking to the level of interest rates' - at least until the fourth quarter of this year Analysts point out that a slight increase in wages and a stable unemployment rate of 4.2% will clearly keep the Federal Reserve at bay. Therefore, the probability of the Fed cutting interest rates in September, which was fully priced earlier this week, is expected to fall to around 75%. (Golden Ten)