Traders now price in a nearly 25% chance of the Fed cutting rates in July, compared with 12.5% last week, according to CME Group’s FedWatch tool.
Read More S&P 500, Nasdaq near record highs as rate-cut bets creep upTag: Federal Reserve
Fed likely to leave rates unchanged as US job market cools but doesn’t crumble
Federal Reserve policymakers have already signaled they are in no rush to cut interest rates, and a government report cements that stance.
Read More Fed likely to leave rates unchanged as US job market cools but doesn’t crumbleTrump urges Fed Chair Powell to cut interest rates following disappointing jobs report
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 reportSCOTUS: Trump can fire independent agency heads, except those at Federal Reserve
On Thursday, the Supreme Court granted a request from the Trump administration that permits the president to dismiss any members of independent federal agencies that he chooses. However, the High Court also indicated that its ruling does not extend to the Federal Reserve.
Read More SCOTUS: Trump can fire independent agency heads, except those at Federal ReserveApril Job Gains Reach 177K, Showing Resilience Amid Tariff Concerns
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 ConcernsTrump Criticizes Fed Chair Jerome Powell, Says His ‘Termination Cannot Come Fast Enough’
President Donald Trump was critical of Federal Reserve Chair Jerome Powell on Thursday, further intensifying his feud by posting a statement on social media saying, “Powell’s termination cannot come fast enough!”
Read More Trump Criticizes Fed Chair Jerome Powell, Says His ‘Termination Cannot Come Fast Enough’