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Confounding US economic, inflation data muddy Fed’s rate path /
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2024-06-08 15:05:23

Confounding US economic, inflation data muddy Fed’s rate path on Nostr: Rep. Maxwell Frost Praises White House for Positive May Jobs Report =============== ...

Rep. Maxwell Frost Praises White House for Positive May Jobs Report
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#2140b79c ver:2.18

The May jobs report in the US shows strong hiring and wage growth, but concerns remain about job quality and inflation. The report will impact the Federal Reserve's decision on interest rates, with analysts ruling out a rate cut this summer. President Biden praised the report, while small businesses express concerns over high-interest rates. Rep. Maxwell Frost commended the White House for the positive report, but public perception of the economy is divided. #JobsReport #Economy #Inflation #InterestRates...

#newstr #MayJobsReport #WhiteHouse #MaxwellFrost #JoeBiden #Economy #Inflation #InterestRates

https://here.news/story/2140b79c?ver=2.18
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