"Stagflation trades" sweep the market—just how bad do tonight's nonfarm payrolls need to be to revive rate cut expectations?
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The US April non-farm employment data will be released tonight at 20:30 Beijing time. The market expects about 65,000 new jobs, a significant slowdown from March’s 178,000. However, the core judgment among most Wall Street institutions is highly consistent: Against the backdrop of persistently high inflation