"New Federal Reserve News Agency": Better-than-expected employment growth temporarily eases Federal Reserve's dilemma, market cuts interest rate bet.

In March, the increase in non-farm payroll employment in the United States reached its largest level since the end of 2024, and the unemployment rate unexpectedly decreased. "The New Federal Reserve Communication Agency," Nick Timiraos, pointed out that this data temporarily alleviated the tricky policy dilemma of "protecting employment or controlling inflation." Interest rate swap market shows that the expected rate cut for the year has dropped from around 4 basis points before the report was released to nearly zero, and bets on rate cuts next year have also narrowed.