Options traders focus on inflation concerns, expect Federal Reserve rate decision to impact the market

ChainCatcher news, according to Golden Ten Data, Wall Street traders expect a strong jobs report to be released on Friday, but oil price fluctuations are shifting more attention toward inflation concerns. Crude oil prices continue to climb, while the stock market remains steady. Traders are worried about the persistence of inflationary pressures and the Federal Reserve's response, anticipating that the Fed's interest rate decision in June will be the most significant event for the S&P 500 index over the next month. According to Citigroup, the options market expects the index to fluctuate up or down by 0.6% on Friday.