US Fed expected to hold rates steady on May 7 as pressures mount

Quick Summary:

Officials are widely expected to leave interest rates unchanged, a move likely to frustrate Trump.

Yet the latest data show US inflation decelerated in March, while the unemployment rate remained steady in April.

Still, Fed officials may again lean into signs of a “solid” labour market to justify their wait-and-see mode, after hiring exceeded expectations in April payrolls and unemployment remained at 4.2 per cent.

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Trump Inflation Likely Investors Press Fed’s Rate Chair Powell Officials Cent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 09:25:00 (21 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 735 words

Reading Time: 5 minutes read

Sentences: 25 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 28458460

View Article Analysis

About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 18 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #25

Publisher Details

Frequently Asked Questions