Asian markets fluctuated Thursday following a plunge on Wall Street as a forecast-beating US jobs report revived worries about the Federal Reserve's interest rate-hiking campaign.

Source: https://www.legit.ng/business-economy/1547246-traders-struggle-recover-selloff-fed-rate-fears-linger/

At the end of 2022, the common narrative predicted an and a further dip in the stock market, primarily due to the Federal Reserve's continued hike in rates and companies facing margin pressures.

Source: https://www.forbes.com/sites/danirvine/2023/07/15/is-it-a-soft-landing-or-delayed-recession-unveiling-the-economic-landscape-of-2023/

But the 4.9% inflation rate reported for April, while way down from its June 2022 high of 9.1%, is still well above the Federal Reserve's 2% inflation target.

Source: https://seekingalpha.com/article/4610220-economist-outlook-watch-inflation-other-risks?source=feed_all_articles

"Despite the Federal Reserve's efforts to slow the economy to cool inflation, the labor market just refuses to quit."

Source: https://theweek.com/economy/1020663/us-added-517000-jobs-in-january-per-astonishingly-strong-jobs-report

That's with the seemingly inherent contradiction of the Federal Reserve's interest rate increases and the unemployment rate falling to a near 54-year low.

Source: https://www.startribune.com/state-of-the-union-biden-sees-economic-glow-gop-sees-gloom/600249092/

The benefit of the Federal Reserve's aggressive rate hiking has been that fixed-interest investments became rapidly more attractive.

Source: https://seekingalpha.com/article/4579277-where-to-invest-100000-today?source=feed_all_articles

The economy's slowdown reflects the impact of the Federal Reserve's aggressive drive to tame inflation, with nine interest rate hikes over the past year.

Source: https://www.dailyherald.com/business/20230427/us-economy-grew-at-weak-11-rate-in-q1-in-sign-of-slowdown

The Federal Reserve's Bank Term Funding Program (BTFP) is a serious backstop for banks and FITV can take full advantage of it.

Source: https://seekingalpha.com/article/4589539-fifth-third-bank-quality-regional-bank-undeservedly-affected-by-svbs-collapse-fallout?source=feed_all_articles

The upheaval likely tightened credit conditions faster and beyond what the Federal Reserve's rate hikes alone had done until then.

Source: https://gazette.com/news/us-world/in-the-market-fed-beware-the-banking-crisis-of-march/article_359ca49c-7519-5892-b8b9-d6a7bdabb19d.html

The US Federal Reserve's fight against inflation seems to be heading in the right direction, while the US economy remains resilient, a senior Fed official said Wednesday.

Source: https://www.legit.ng/business-economy/economy/1558126-us-fed-official-lauds-good-progress-inflation/

Thursday US data had shown consumers boosting Q4 spending on goods, but it could be the last quarter of solid GDP growth before the lagged effects of the Federal Reserve's jumbo interest rate hikes are fully felt.

Source: https://www.perthnow.com.au/business/markets/asian-shares-hit-high-after-us-data-c-9573692

With such a massive supply of paper hitting the market and with yields already trending on the higher side due to the Federal Reserve's aggressive monetary policy, short-term yields are likely to shoot up significantly in the coming days.

Source: https://www.benzinga.com/news/23/05/32611576/biden-mccarthy-may-have-agreed-on-debt-ceiling-but-heres-why-a-barrage-of-t-bills-is-bad-news-for-ho