There are various diverse opinions about today's economic data, so I will summarize.

1. Average Hourly Earnings (Monthly - April)

Current: 0.2%

Projection: 0.3%

Previous: 0.3%

Thought; This data came in below expectations, indicating a moderation in wages. This can be seen as a sign of relief in inflationary pressure, supporting an argument for interest rate cuts.

2. Non-Farm Payroll Report (Payroll - April)

Current: 177 thousand

Projection: 138 thousand

Previous: 185 thousand

Thought;

This data came in above the projection, indicating that the labor market is still relatively strong, although it has slowed down compared to the previous month. This shows economic resilience, which may discourage immediate interest rate cuts.

3. Unemployment Rate (April)

Current: 4.2%

Projection: 4.2%

Previous: 4.2%

Thought;

The rate was in line with expectations but relatively high compared to recent years, which may give the Fed room to consider monetary stimulus (such as interest rate cuts) if this trend persists.

Final Thought;

Weaker wage growth and the stability of the unemployment rate at 4.2% may be arguments for an interest rate cut, as they suggest a moderation of inflation, helping Powell.

The data was mixed, with a slightly favorable bias for stimulus, increasing the chance of Powell making the interest rate cut, but not guaranteeing immediate action (in the next meeting).

I think it was good, and different from what most say, I believe these numbers are enough for Powell; he just needs to want to use them!