US EditionDollar Gains Momentum Amid Surging U.S. Job Growth
- In June, the United States saw a net increase of 147,000 jobs, while the unemployment rate declined to 4.1%, marking its lowest point since the beginning of the year.
- This strong jobs report followed concerns raised by ADP’s unexpected private sector job decline and fueled debate over the Federal Reserve's rate decision.
- Experts noted the labor market’s resilience despite tariff uncertainty and slowing manufacturing, with government hiring accounting for nearly half the total job gains.
- Chris Zaccarelli noted that the Federal Reserve's chances of lowering interest rates in the near term have diminished due to robust employment figures, the extension of tax cuts, and the temporary suspension of tariffs.
- The data suggests the Federal Reserve will likely maintain current interest rates while awaiting the July 15 CPI report and additional economic signals.
17 Articles
17 Articles
The S&P 500 and the Nasdaq index broke new records on Thursday. The mood on the Damrak was also good. The unexpectedly high American job growth figure was warmly welcomed, although this has reduced the chance of a quick interest rate cut.
Dollar Gains Momentum Amid Surging U.S. Job Growth
Dollar Gains Momentum Amid Surging U.S. Job Growth The U.S. dollar gained strength against key currencies, including the yen, euro, and Swiss franc, after a U.S. Labor Department report revealed that job creation outpaced analyst forecasts. The strong employment numbers suggest that the Federal Reserve might need more time before deciding on cutting interest rates.With the dollar appreciating by 0.70% against the yen and 0.40% against the Swiss …
By challenging forecasts and predictions, the American economy proceeds to a respectable cruising speed. It even accelerates, at least with regard to the creation of new jobs
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