Strong US hiring data limits Fed rate cut potential
April hiring beat forecasts with 115,000 new jobs. This strength complicates rate cut plans as inflation remains high amid rising energy costs and conflict.
Xurve View
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Xurve View
The United States added 115,000 jobs in April, exceeding forecasts and complicating prospective Fed Chair Kevin Warsh's rate-cut efforts. Strong hiring and stable unemployment persist despite rising inflation from import taxes and energy price spikes linked to the war in Iran. For investors, the data eliminates expectations for a 2026 rate cut as the labor market proves harder to break.
