A stronger then anticipated jobs report reduced chances of a Fed rate cut in June as projected by analysts.
The Federal Reserve decided to leave rates unchanged in February, igniting concerns among the financial markets that interest rates may not fall as soon as many had expected.
Financial markets started the year off with an eye on earnings, the upcoming election, and developments in the Middle East and Ukraine.
This past year witnessed one of the most ambitious executions of interest rate hikes by the Federal Reserve in recent history, with rates rising four times in 2023.
