Great news from the US labor market - more questions than answers
U.S. employers didn't hold back last month, much to the surprise of analysts and traders who are now trying to factor that growth into the Fed's rate cut forecasts.
Basic moments
Nonfarm payrolls rose by 303,000 in March.
The prospects for a Fed rate cut have dimmed and there is a possibility of a delay in US rate cuts.
The market reaction was mixed.
US job growth rose more than expected in March to 0 new jobs, the latest nonfarm payroll data showed. U.S. employers did not hold back their hiring efforts last month, despite analysts' forecasts of 189,000 good hires that would help...