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Trump criticizes the Federal Reserve again for not lowering interest rates, but this time did not call for firing Powell.
① The Federal Reserve announces that it will maintain the target range for the federal funds rate between 4.25% and 4.50%, marking the third consecutive decision to keep rates unchanged; ② Trump criticized Federal Reserve Chairman Powell on social media, stating that he is "too late" and "clueless," but added that he "still really likes him."
Jobless Claims Fall in Latest Week, With No Sign of Recession or Layoffs
As holiday factors diminish, the number of initial unemployment claims in the USA has returned to a low level.
After a short-term surge during the spring holiday and Easter at the end of April, the number of initial unemployment claims in the USA showed a declining trend last week.
Options Plays Ahead of FOMC Rate Decision
Trump's first "comprehensive trade agreement" has been reached with the United Kingdom, and the market is looking forward to both countries disclosing more trade details.
Trump announced that the US and UK have reached a "comprehensive" trade agreement—set to be unveiled after weeks of negotiations, as the first agreement of his Global trade plan.
Q1 US Nonfarm Productivity Falls as Expected, Unit Labor Costs Jump
