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Oil Prices Climb On Weaker US Dollar, Uncertainty Around OPEC+ Output
When will the Federal Reserve cut interest rates? Governor Waller has already written the script: take action when the unemployment rate soars.
① Federal Reserve Board member Waller stated that if the Trump administration reinstates high tariffs, companies may increase layoffs, leading to a rise in the unemployment rate, and he would support a rate cut by the Federal Reserve; ② Waller believes that tariffs will have little impact on the economy before July, and that the inflation shock may be temporary, but could cause the unemployment rate to rise rapidly afterwards.
US Dollar's Slide Raising Red Flags for Corporate Earnings
Fed's Waller Says Policymakers Can 'Look Through' One-Time Price Increases
Central U.S. Manufacturing Contracts Again as Tariffs Prompt Uncertainty -- Kansas City Fed
The signal for interest rate cuts is still pending! Tariffs have not yet affected the USA labor market, and initial unemployment claims remain stable at a low level.
As of the week ending April 19, the number of unemployment benefit claims in the USA increased by 6,000, reaching 0.222 million, in line with expectations.