Before the release of the US Non-farm Payrolls (NFP), the probability of a rate cut by The Federal Reserve (FED) in May rose to 28.9%.

On April 4th, at 20:30 Beijing time, the United States will announce the seasonally adjusted non-farm payroll data for March. According to the median forecast from a Bloomberg survey of economists, the growth rate of non-farm employment in March may slow from 151,000 in February to 135,000, while the unemployment rate is expected to remain unchanged at 4.1%. According to CME’s “FedWatch” data, the probability of The Federal Reserve (FED) cutting interest rates by 25 basis points in May has risen to 28.9%, compared to 10.8% for this event the previous day.