The US Federal Reserve is expected to keep the federal funds rate unchanged at 4.25% to 4.5% following a month of market turmoil caused by President Donald Trump’s trade war.
The Fed is set to convene on Wednesday (7 May) to make its next decision on the federal funds rate. Several investors argued that Trump's trade policies have put the US central bank in a difficult policymaking position as it struggles to keep both inflation and unemployment in check. US unemployment rate remains unchanged for April with 177,000 jobs added Last Friday (2 May), the US Bureau of Labor Statistics said the American economy added 177,000 jobs in April, slightly down from the 185,000 posted for March, but Erik Weisman, chief economist and portfolio manager of MFS Investme...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
