Unexpected Nonfarm Payrolls Data Sparks FOMO Amid Interest Rate Cut Speculations
Friday, 3 May 2024, 13:29
April's Nonfarm Payrolls Data Disappoints Expectations
In April, the USA reported a mere 175,000 jobs added, a stark decrease from March's figures.
Announced Rate Cut Forecasts
The unexpected data has led to speculation on possible interest rate cuts.
Fed's Hawkish Stance
The Federal Reserve remains cautious, considering a delayed rate cut due to inflation challenges.
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This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.