Market Focus: All Eyes on the Fed Amid Trump’s Push for Rate Cuts
Former President Donald Trump has recently reignited calls for the Federal Reserve to lower interest rates, arguing that a rate cut could support economic momentum. However, the latest U.S. labor data, particularly the Nonfarm Payrolls report, suggests a different direction—indicating resilience in the job market that could deter any immediate monetary policy shifts.
According to the CME FedWatch Tool, market participants now assign a 99.6% probability that the Federal Reserve will hold interest rates steady in its upcoming May meeting. This overwhelming consensus is largely driven by stronger-than-expected employment figures, which signal that the economy is not under enough stress to justify immediate easing.
