A still-strong job market will keep the Federal Reserve from cutting interest rates until September, and from delivering more than two quarter-point rate cuts all year, traders bet on Thursday Futures contracts tied to the U.

Fed Chair Jerome Powell effectively told President Trump on Tuesday that he's his own worst enemy in his crusade for rate cuts. He was speaking specifically about the tariffs Trump has announced and implemented, blaming them for the lack of rate-cut activity.

The latest labor market data released on Thursday reinforces the central bank’s wait-and-see approach to lowering borrowing costs, despite pressure from President Trump.

Economists believe that the likelihood of another couple of rate cuts by the US Federal Reserve (Fed) in the second half of 2025 (2H25) has grown stronger following May's producer price index (PPI) and initial jobless claims data,

U.S. President Donald Trump said on Friday he would not appoint anyone to head the Federal Reserve who would not lower interest rates from where they are, setting perhaps the most explicit litmus test yet for candidates to be the next central bank chief to align with his demands for steep rate cuts in order to get the job.

President Trump’s frustration with Federal Reserve Chair Jerome Powell over his hesitance to cut interest rates has prompted Trump to consider naming Powell’s successor as soon as this summer. But tho

Weaker labor-market data this week could bolster the case for the Federal Reserve to resume interest-rate cuts soon. “My view is that I do think the Fed should cut in July,” said Matt Brill, head of North America investment-grade credit at Invesco Fixed Income,

The U.S. economy added 147,000 jobs in June, beating analyst expectations, the Bureau of Labor Statistics reported.

A stronger-than-expected June jobs report indicates no Federal Reserve rate cut before September despite the President’s demands.