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What to expect from March jobs report
For the past 50 years, the US unemployment rate has mostly been far above 4%, even rocketing to almost 15% during the pandemic. Yet in the turbulent period that followed lockdowns and other economic disruptions from the pandemic, it has stayed below the 4% level for more than two years.
US inflation ticked higher last month, reversing some recent progress
The latest US inflation report showed that rising prices continue to weigh on American consumers.
Fed Chair Jerome Powell signals rate cuts aren’t imminent
The Federal Reserve has been keen on paying attention to investors’ expectations on interest rates. But the Fed is prepared to ignore Wall Street’s hope for a rate cut in June if it feels the economy isn’t ready yet.
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