Stock futures and bitcoin slip, Treasury yields climb, as hot jobs report raises more questions about Fed rate cuts
Why it matters: The jobs report is making investors rethink if the Fed will cut interest rates in 2024.
- Stock futures slipped during Friday's holiday trading session.
- Treasury yields pressed higher.
- A hotter-than-expected jobs report raised questions about potential Federal Reserve interest-rate cuts this year.
Stock futures and Bitcoin experienced declines, while Treasury yields rose, following a stronger-than-anticipated jobs report. This data has intensified doubts regarding the Federal Reserve's likelihood of implementing interest-rate cuts in the current year.
