WASHINGTON -A historically lowU.S. unemployment rate and rising wages will likely keep the Federal Reserve on track to raise interest rates by another quarter of a percentage point next month, as risks of a financial crisis ease while concern about inflation remains high. U.S.jobgrowth is slowing, something Fed policymakers have anticipated as they raised borrowing costs. But the economy still added 236,000jobs in March, and has averaged gains of 345,000 per month during the first quarter, well above the level the central bank sees as consistent with its 2 percent inflation goal. The unemployment rate fell to 3.5 percent last month, from 3.6 percent in February, even as the labor f...
Keep on reading: Solid US jobs data keeps Fed on track for rate hike in May
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Keep on reading: Solid US jobs data keeps Fed on track for rate hike in May
from INQUIRER.net https://ift.tt/JodLq6w
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