The first non-farm payrolls report of the "Wash era" exceeded expectations, but the Trump camp remains firm on its stance, and a rate hike is now the market consensus.

BlockBeats reports that on June 5th, the first non-farm payroll data of the "Wash era" far exceeded expectations, leading analysts and traders to seem to have reached a consensus on interest rate hikes: Nick Timiraos, a leading analyst and "Federal Reserve mouthpiece," immediately stated that the non-farm payroll report would not completely resolve the debate over the magnitude of Fed rate hikes, but a short-term rate cut is virtually impossible. CME's "FedWatch" data confirms this view: by December of this year, the probability of a Fed rate hike has risen to 67.7%, with the only disagreement being the magnitude of the hike. Furthermore, investment banks have also made their judgments: BNP Paribas predicts that the Fed will raise interest rates three times consecutively starting in December 2026. After the data release, only the Trump camp remains committed to the idea of a rate cut. White House National Economic Council Director Hassett stated after the data release that the US employment data is absolutely not indicative of inflation, and the Fed should not raise rates, but will have room to cut them. The Fed has consistently lagged behind the times, and there is still considerable room for rate cuts.