U.S. Economy and Federal Reserve

SOURCE thehill.com
The U.S. economy added 175,000 jobs in April, falling short of economists' expectations. The jobless rate ticked higher to 3.9 percent. The Federal Reserve voted to hold off on cutting interest rates, citing lack of further progress in getting inflation back to 2 percent.

Key Points

  • April job gains fell short of expectations
  • Federal Reserve voted to hold off on cutting interest rates
  • Inflation remains a concern

Pros

  • Strong jobs gains are a positive point for the economy.

Cons

  • The job gains in April fell short of economists' expectations.