Trump urges Fed to lower rates, but strong jobs data makes a cut in June less likely
By: bitcoin ethereum news|2025/05/03 00:15:01
0
Share
Key Takeaways President Trump is urging the Federal Reserve to cut interest rates despite strong employment data. The Federal Reserve is unlikely to lower rates in June due to stable hiring activity. President Trump on Friday renewed pressure on the Fed to cut interest rates, but the robust April employment data that followed has lowered the odds of a June rate cut, according to Nick Timiraos, often referred to as the “Fed’s mouthpiece” at the Wall Street Journal. The next Fed policy meeting is scheduled for May 6–7, 2025. Economists broadly expect the central bank to keep the federal funds rate unchanged in its current range of 4.25% to 4.5% during this meeting. This means that attention is shifting to the following meeting on June 18. According to Timiraos, only one more jobs report will be released before that meeting, leaving limited time for economic conditions to deteriorate enough to warrant a rate cut. The Fed relies heavily on monthly labor data to gauge whether the economy is weakening. Since April’s report was stronger than expected, it reduces the urgency of any immediate monetary policy easing. According to the US Bureau of Labor Statistics, non-farm payrolls rose by 177,000 in April, beating market expectations. The unemployment rate held steady at 4.2%, continuing a narrow range that’s been in place since May 2024. Job gains were most notable in sectors such as health care, transportation and warehousing, financial activities, and social assistance, while federal government employment declined. Fed officials have emphasized that a decision to lower interest rates would likely require clear evidence of rising unemployment or weakening labor demand. So far, the new data show few signs of declining hiring activity, giving the central bank justification to maintain its wait-and-see stance, despite uncertainties, including the potential economic effects of recently reimposed tariffs. Following the release of the April jobs report, market expectations for a June rate cut fell from roughly 58% to 40%, according to day-to-day shifts tracked by the CME FedWatch tool. Investors now see about a 60% chance that the Fed will hold rates steady in June. In his statement urging the Fed to act, Trump claimed there is “no inflation,” arguing that consumers are finally experiencing long-awaited price relief. He pointed to declining gasoline prices, lower grocery and energy costs, falling mortgage rates, and strong employment figures as signs that the economy is stabilizing. With inflation no longer a threat, Trump insisted, the Fed should act swiftly to cut interest rates to support continued economic growth. Source: https://cryptobriefing.com/trump-fed-interest-rates-cut/
You may also like

From "Kimchi Premium" to Bithumb's Rectification: An Interpretation of the Current Situation in the South Korean Crypto Market
Market structure or information gap? — Why does the South Korean crypto market often make global traders "lag behind."

How to Automate Your Workflow with AI (No Code Required)
Let Perplexity Do the Work for You

Conversation with Pantera Founder: Bitcoin Has Reached Escape Velocity, Traditional Assets Are Being Left Behind
BTC still needs 6-8 months to reach its bottom.

Is it still worth buying Circle on the callback?
Can Circle transform from a "stablecoin company that earns interest" into a global digital dollar infrastructure?

BIT Launches Landmark "Same Name Virtual Account" Feature: Ushering in a New Era of OTC Trading that is Convenient, Efficient, and Compliant
This marks a milestone for BIT in optimizing the large-scale fiat onramp channel and enhancing the asset allocation experience for high-net-worth individuals and institutional clients.

Further Oracle Integration Reveals Polymarket's Ambitions
The expansion of the data source is essentially an expansion of the market radius.

CoinGlass: 2026 Q1 Cryptocurrency Market Share Research Report
In the first quarter of 2026, the overall cryptocurrency market remained highly active, but trading volume gradually declined from the January peak.

Tiger Research: Analysis of the Current Situation of Retail Investors in Nine Major Asian Markets
We analyzed the entry barriers of the largest markets for nine potential user groups in Asia, as well as the responses of exchanges.

Forbes: Does quantum technology threaten the encryption industry? But it is more likely an opportunity
Quantum computing will not overturn blockchain, but it will force a reconstruction of its security system.

What Is Auto Earn? How To Claim Extra Free Crypto On Auto Earn 2026
What is Auto Earn and how do you use it? This guide explains how Auto Earn works and how balance increases and referrals may qualify for extra rewards during Auto Earn Boost Fest.

Auto Earn Compared 2026: Which Exchange Gives The Most Extra Bonus?
What is Auto Earn in crypto? Compare Kraken, OKX, Bybit, Binance, and WEEX Auto Earn features in 2026 and see which platforms provide additional promotional rewards beyond standard yield mechanisms.

Nearly $300M Targeting U.S. Midterm Elections, Tether Exec Leads Crypto Industry's Second-Largest Political Fund
In the crucial window of legislative bargaining, using political contributions to advance industry interests.

Anthropic's Triple Moment: Code Leak, Government Standoff, and Weaponization
When AI is both the attacker and the defender, can cybersecurity still hold up?

OpenAI and Anthropic both announced acquisitions on the same day, causing dual IPO anxiety.
The two companies have a valuation difference of more than two times, but they are vying for the same pool of investors' money.

Forbes: Quantum Technology Threatens the Crypto Industry? But It's More Likely an Opportunity
Quantum computing will not upend blockchain, but it will force its security to be restructured.

Rhythm X Zhihu Hong Kong Event Recruitment Skills, Register Now for a Chance to Showcase Live
On April 21, if you are also in Hong Kong, you will have the opportunity to showcase your skills live.
CLARITY Act 2026 Update: Stablecoin Yield Ban, Senate Compromise, and What It Means for Crypto Markets
The CLARITY Act may reshape stablecoin yield rules, DeFi incentives, and crypto liquidity in 2026. Learn the latest Senate updates, timeline changes, and what the regulation could mean for crypto traders.

Bitcoin mining companies flee for the Nth time
When mining no longer generates sufficient economic returns, the rational business decision is naturally to shift resources; however, if this trend continues to spread, the question of who will bear the long-term costs of maintaining the security of the Bitcoin network will become a problem that mus...
From "Kimchi Premium" to Bithumb's Rectification: An Interpretation of the Current Situation in the South Korean Crypto Market
Market structure or information gap? — Why does the South Korean crypto market often make global traders "lag behind."
How to Automate Your Workflow with AI (No Code Required)
Let Perplexity Do the Work for You
Conversation with Pantera Founder: Bitcoin Has Reached Escape Velocity, Traditional Assets Are Being Left Behind
BTC still needs 6-8 months to reach its bottom.
Is it still worth buying Circle on the callback?
Can Circle transform from a "stablecoin company that earns interest" into a global digital dollar infrastructure?
BIT Launches Landmark "Same Name Virtual Account" Feature: Ushering in a New Era of OTC Trading that is Convenient, Efficient, and Compliant
This marks a milestone for BIT in optimizing the large-scale fiat onramp channel and enhancing the asset allocation experience for high-net-worth individuals and institutional clients.
Further Oracle Integration Reveals Polymarket's Ambitions
The expansion of the data source is essentially an expansion of the market radius.
