In April, steady hiring numbers were reported, reinforcing the Federal Reserve’s stance of being ‘patient’ regarding interest rate cuts. A solid jobs report has aligned with the Fed’s approach to carefully considering rate adjustments. While Barclays and Goldman expect the next Fed rate cut to occur in July following the jobs report, the odds for rate cuts have dipped after the strong hiring figures in April. The Federal Reserve continues to closely monitor various economic indicators before making any decisions on rate reductions.
— new from WSJ