The US economy added 115,000 jobs in April and unemployment held at 4.3 percent, giving prospective Fed Chair Kevin Warsh limited room to pursue the rate cuts he has signaled.
Tag: Federal Reserve
Posted inEconomy
US wholesale inflation hits 6% as energy costs and tariffs combine
US producer prices jumped 1.4% in April — nearly triple the forecast — lifting the annual PPI rate to 6%, its highest since late 2022, as energy and tariff pass-throughs both accelerated.
Posted inEconomy
The Fed holds fire and hands the chair to Kevin Warsh
The Federal Open Market Committee voted 8-4 on April 29 to keep rates at 3.5–3.75 percent for a third consecutive meeting, as four dissents running in both directions exposed deep internal disagreement about the direction of the next move.