Wall Street reopened yesterday after the Easter weekend in a calm atmosphere. Data released last week shows initial jobless claims climbed more than anticipated, which raised fears of recession and a hard landing for the economy, but also increased expectations of rate cuts by the Fed. Investors are aware of the current turmoil and are even prepared for a 0.25% hike by the US central bank in early May, but they are also already expecting a first rate cut as early as this year.
