"No slowdown in US employment... Fed unlikely to hint at June rate cut"

Minseung Kang

Summary

It was reported that the possibility of an early rate cut by the Fed has diminished as US employment figures continue to grow steadily.
Nick Timiraos, a Wall Street Journal reporter, stated that the Fed needs clear signals such as a rise in the unemployment rate before cutting rates.
It was reported that the April non-farm payrolls exceeded market expectations, making it unlikely for the Fed to hint at a June rate cut.

There is an opinion that the possibility of an early rate cut by the US Federal Reserve (Fed) has decreased as US employment figures continue to show steady growth.

According to Walter Bloomberg, an economic news channel, Nick Timiraos, a Wall Street Journal reporter, said, "The Fed needs clear signals such as a rise in the unemployment rate to decide on a rate cut," and diagnosed that "since the April employment report showed no signs of a slowdown in employment, it is unlikely that the Fed will hint at a rate cut at next week's Federal Open Market Committee (FOMC) meeting."

Previously, the US Department of Labor announced that non-farm payrolls increased by 177,000 in April. This figure exceeds the market forecast of 138,000. During the same period, the unemployment rate was 4.2%, which was in line with expectations.