March Cut 'Off The Table': Post-Payrolls Views From Goldman's Treasury Trading Desk

Today’s payroll report was decidedly strong, and as Goldman Sachs Treasury trading desk notes, should alleviate some of the labor market concerns stemming from last week’s Challenger, Claims, and JOLTS data.

March meeting was taken off the table, but the market continues to price 28bps of cuts by July meeting and 53bps of cuts by year end.