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  • 12:59
    Trump tells investors policy will never change
    Trump said in a social media post to investors that my policies will never change. Trump is also reported to have said, ‘It's a great time to get rich and investors will be richer than ever.’
  • 12:58
    U.S. Job Growth Beats Expectations, Unemployment Rises
    April 4 (Reuters) - U.S. job growth beat expectations in March and the unemployment rate rose slightly, suggesting a healthy labour market before the global economy is hit by widespread tariffs. Non-farm payrolls rose by 228,000 in March, data released Friday by the US Bureau of Labour Statistics showed. The unemployment rate rose to 4.2% as the employment participation rate climbed. Payroll growth stayed firm. The report noted that the labour market was resilient ahead of Trump's sweeping tariffs on Wednesday. Employment growth was led by healthcare, transportation and warehousing, and leisure and hospitality. Retail employment rebounded, partly reflecting the return of 10,000 workers on strike at Kroger.
  • 12:57
    Fed rate cuts could reach about 100 basis points this year
    Hussainy, an interest rate strategist at Columbia Threadneedle Investments, said, ‘The market is betting that recessionary risks along with tighter financial conditions will force the Fed to cut rates sharply this year, potentially to the tune of about 100 basis points.’ As for Powell's speech later today, Hussainy believes, ‘If Powell and his team release any counter signals to this, short-end rates could go off the rails.’
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