The creation of 175,000 jobs in April by US employers has been termed a “Goldilocks” report by leading economists: Creating enough jobs to keep the labor market humming along healthily, but slowing down enough to signal it might be time for the Federal Reserve to begin cutting interest rates.
Within the walls of the White House, it was seen the same way, stoking relief among officials, who said the data hewed near the team’s own targets for ideal job creation. “We’re very close to that,” one official told CNN, requesting anonymity to describe private deliberations.
” The Federal Reserve has been fighting inflation by raising interest rates – driving up costs for borrowing to buy a major purchase like a house or car, even as the costs for the underlying house and car have risen considerably, too. In the wake of the latest jobs report, many market participants are now expecting the Federal Reserve to begin cutting interest rates in September, potentially easing a source of consternation for voters.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
White House eyes Russian uranium import ban while house bill stallsNo 1 source of global mining news and opinion
Baca lebih lajut »
White House doesn’t want to touch House speaker dramaEven though Johnson helped move his foreign policy aid package, the president isn’t going to intervene on a conservative effort to oust him.
Baca lebih lajut »
White House deems House impeachment inquiry 'over,' President Biden formally declines to testifyPresident Biden formally declined to testify at the request of House Oversight Committee Chairman James Comer, R-Ky. regarding his family's business dealings.
Baca lebih lajut »
White House rejects House GOP effort for Biden to testify in Oversight impeachment inquiryJoe Biden will not be testifying before the House Oversight Committee, the White House said in a rejection letter.
Baca lebih lajut »
White House rejects long-shot House Republican effort to get President Joe Biden to testifyThe White House is rejecting a long-shot effort from House Republicans to get President Joe Biden to testify before lawmakers in the GOP’s stalled impeachment inquiry.
Baca lebih lajut »
White House rejects long-shot House Republican effort to get President Joe Biden to testifyThe White House is rejecting a long-shot effort from House Republicans to get President Joe Biden to testify before lawmakers in the GOP’s stalled impeachment inquiry
Baca lebih lajut »