Liz Thomas, Head of Investment Strategy at SoFi, posted on X that the markets are adjusting their expectations for a potential second interest rate cut this year following the release of a softer-than-expected jobs report. While the likelihood of a rate cut has increased slightly, it has not returned to the levels seen last week when two cuts were fully anticipated. The jobs report has prompted investors to reassess their outlook on monetary policy, reflecting the ongoing uncertainty in economic conditions.