Some Wall Street banks are likely to report lower quarterly earnings and face a dour outlook for the rest of the year, with last month's regional banking crisis and a slowing economy expected to hurt profitability
On Friday, a market holiday, the Labor Department released its March, which showed robust payrolls growth and a welcome but modest wage inflation cool-down.
At last glance, financial markets have priced in a 72%likelihood of that happening, according to CME's FedWatch tool.
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