What to Watch in the March US Employment Report

The video discusses recent payroll data, highlighting a slight decrease in expected job growth. It examines the impact of monetary policy tightening on the economy, as seen in jobless claims. The Federal Reserve's focus on average hourly earnings and market expectations for rate cuts are analyzed. The video concludes with an analysis of market reactions, particularly the decline in the two-year yield, suggesting market skepticism about the Fed's current stance.

What is the significance of the two-year yield mentioned in the text?

How is the market reacting to the Federal Reserve's monetary policy based on the text?