May 2018 U.S. Employment Infographic

by Archer Financial Services | Jun 01, 2018

By Alan Bush | Senior Financial Economist at ADMIS   

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may 2018 employment

  • The stronger than expected nonfarm payrolls report reinforces the belief that the Federal Open Market Committee is on track to raise its fed funds rate by 25 basis points at its June 13 policy meeting to a range of between 1.75% and 2.00%. 
  • The interest rate futures market declined when the report was released. Additional pressure on futures is likely longer term, as the Fed will probably continue on its tightening path this year and likely through 2019.
  • It should be viewed as a sign of strength for stock index futures to advance to new highs for the day even though the robust employment report gave additional ammunition for the Fed to hike interest rates.

For more information about these markets, please contact Alan at 312.242.7911  or via email at alan.bush@admis.com. Thank you.

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