March jobs report comes in hot: The US economy added 303,000 positions last month - LocalNews8 com localnews8.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from localnews8.com Daily Mail and Mail on Sunday newspapers.
New York (CNN) For all intents and purposes and by most economists’ predictions job growth was supposed to slow by now, as<a class="excerpt-read-more" href="https://wsvn.com/news/us-world/march-jobs-report-comes-in-hot-the-us-economy-added-303000-positions-last-month/">Read More</a>
New York (CNN) — For all intents and purposes — and by most economists’ predictions — job growth was supposed to slow by now, as the pandemic recovery grew complete.
During an early morning press conference, Federal Reserve Chair Powell dampened expectations of a rate cut in March. This announcement coincided with significant drops in all three major US stock indices, and the yield on the US 10-year Treasury dipped below 4%. Economist stated that it is more than just lowering expectation of march rate cut..
Federal Reserve Chair Jerome Powell used his press conference Wednesday to throw cold water on market expectations that the Fed would begin to cut interest.