US employers added far fewer jobs than expected in April in a boost to hopes for interest rate cuts. Nonfarm payrolls expanded by 175,000 last month, which was well below estimates of 240,000.
Inflation is cooling just in time for a US presidential election that will likely focus heavily on the economy.
The Fed's goal of keeping rates high until inflation falls to 2% has significant implications for consumers, investors and the U.S. economy.
A Riksbank interest rate cut this week is now the consensus call and is 80% discounted by markets, but Danske Bank believes it will wait until June. The Riksbank said in March it would likely cut ...
WASHINGTON (AP) — The nation’s employers pulled back on their hiring in April but still added a decent 175,000 jobs in a sign that persistently high interest rates may be starting to slow the ...
June interest rate cut chances are now down to 9.3% with the first rate cut pushed out to December’s FOMC meeting. According to the CME FedWatch Tool, the probability of interest rates ease is 9 ...
Traders have pulled forward their expectations for the first interest rate cuts in the US as the economy added fewer jobs than expected. Money markets indicate the US Federal Reserve will cut ...