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 up
Tag: Jerome Powell
Trump 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 report
Trump 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’
March Jobs Report Beats Expectations With 228K New Positions
The latest jobs report for the month of March came in higher than expected as the Trump administration has applauded the newest numbers.
Read More March Jobs Report Beats Expectations With 228K New Positions
US labor market remains stable, but job opportunities limited
The number of Americans filing new applications for unemployment benefits increased slightly last week, suggesting the labor market remained stable in March.
Read More US labor market remains stable, but job opportunities limited
Wall Street gains with all eyes on Fed rate decision
Wall Street’s main indexes rose on Wednesday ahead of the Federal Reserve’s widely anticipated monetary policy decision.
Read More Wall Street gains with all eyes on Fed rate decision