Several months of ambiguous inflation and jobs reports had almost convinced markets that rate cuts were off the agenda in 2024. However, April’s nonfarm payrolls data inspired an abrupt volte-face, as signs of slowing wage growth and higher unemployment revived the argument for cuts sooner rather than later. Could the Fed make a move in 2024? Presented by @cmegroup https://www.cmegroup.com/openmarkets/quicktake-by-bloomberg.html?utm_source=youtube&utm_medium=paid_social&utm_campaign=quicktake_evergreen&utm_content=more_insight
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