Fed and Warsh under increasing pressure to keep rates higher, thanks to labor market strength
The Federal Reserve is under more pressure to hold interest rates steady, or even raise rates, given recent indications that the labor market is strong.
The Fed last cut rates in 2025 and, given the recent uptick in inflation, appears unlikely to revise them down again this year.
And while inflation has been trending up, […]
- U.S. added 172,000 nonfarm jobs in May, outpacing forecasts UPI —
- U.S. jobs data expected to show 85,000 roles added in May, no changed in unemployment rate The Globe and Mail —
- New Fed Chairman Kevin Warsh is caught between the Trump agenda and a hard place Washington Examiner —
- US adds 172,000 jobs in May, easing fears of labour market slowdown The Indian Express —
- What To Expect From Today's Jobs Report Newsweek —