President Donald Trump is applying more pressure to Federal Reserve Chair Jerome Powell to cut interest rates after a Wednesday report showed job hiring slowed down last month.
Read More Trump urges Fed Chair Powell to cut interest rates following disappointing jobs report
A new April jobs report has revealed that the U.S. economy added 177,000 jobs last month, which exceeded analysts expectations due to tariff concerns.
Read More April Job Gains Reach 177K, Showing Resilience Amid Tariff Concerns
U.S. job openings dropped sharply in March, but a decline in layoffs suggested that the labor market remained on solid footing.
Read More US job openings fall in March; layoffs decline
U.S. inflation cooled more than expected in February, with price growth remaining well above the Federal Reserve’s goal ahead of the central bank’s policy meeting next week.
Read More U.S. Inflation Cools To 2.8% In February, Beating Expectations
The ADP National Employment Report on Wednesday also showed a moderation in wage growth for workers changing jobs.
Read More US private payrolls post smallest gain in seven months
U.S. consumer prices came in higher than expected in January as inflation showed few signs of slowing down.
Read More U.S. Inflation Surges To 3% In January, Slashing Hopes Of Interest Rate Cuts