ADP employment rate in May was lower than expected,

Trump: The ADP employment report is out, "Too late, Mr. Chairman" Powell of the Federal Reserve now must cut interest rates. He is speechless!! Europe has cut rates nine times!

But cutting rates will lead to continued price increases, higher inflation. Tariff policies change from time to time, affecting the employment rate. Trump has an excellent ability to shift blame, but the Federal Reserve needs to maintain economic stability and independence. Personally, I feel that interest rate cuts will be delayed again. We will turn our attention to Friday's non-farm data.