With the U.S. stock market closed on Good Friday, investors will have the weekend to digest an employment report that moved fed-funds-futures traders to bet on an increased chance of the Federal Reserve hiking interest rates early next month.
Friday’s employment report puts a “dent” in the case of investors who were betting that a recession was imminent and the Fed would begin cutting its benchmark rate soon after its May policy meeting, said Sameer Samana, a senior global market strategist at Wells Fargo Investment Institute,…
This post was originally published on Market Watch
