Markets await today, Friday, the release of non-farm payrolls data issued by the US Department of Labor for the month of March, which is expected to show an increase of 239 thousand jobs, to be the smallest increase in jobs since December 2020.
The economy added 311 thousand jobs in February.
The International Monetary Fund and the World Bank cut global economic growth forecasts
The report is also expected to show that the unemployment rate remained unchanged at 3.6%, along with a slight gain in wages.
It should be noted that the ADP Research Institute report showed that US companies added fewer jobs in March than expected, while wage growth slowed.
The report revealed that employment in the non-agricultural private sector rose by 145,000 jobs last month, after a revised increase of 261,000 in February.
In an interview with Al-Arabiya TV, Ahmed Negm, Head of Research at XS.com, said that the markets are not pricing the rate hike significantly.
He added that the decline in inflation was not at the pace that the Fed expected, pointing out that the wage rate entrenched the idea of inflation.