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March Jobs Report Keeps Fed on Track for Larger Rate Rise in May
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Friday’s employment figures underscore the urgency Federal Reserve officials feel to quickly withdraw economic stimulus by raising interest rates in potentially larger intervals in the coming months.
Employers added 431,000 jobs in March, the Labor Department reported on Friday, and the unemployment rate fell to 3.6% from 3.8% in February. Hiring during the first two months of the year was stronger than initially reported, leaving average monthly hiring at 562,000 jobs so far this year, in line with last year’s booming pace of job gains.
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Inflation Report Keeps Fed On Track for Half-Point May Rate Increase wsj.com /2 years ago
Fed’s Evans Says Good Possibility of 50 Basis Point Rate Rise in May wsj.com /2 years ago
High prices and low growth should nip UK and eurozone interest rate rises in the bud theguardian.com /2 years ago
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