The Day Ahead: Trump's Arraignment and JOLTS Report Update
Cheddar News looks toward The Day Ahead as Donald Trump faces an arraignment in his hush-money payment scheme while the market awaits the jolts report to get a snapshot of the labor market.
Chair Jerome Powell says the Federal Reserve only expects to cut rates once in 2024. But at least, as one economist says, ‘rate hikes are off the table.’
With the Fed likely set to leave rates unchanged, lower and middle income Americans will continue dealing with higher credit card interest and expenses.
Markets soared in May after Nvidia’s Q1 success, but concerns over slowing consumer spending, especially among middle—and lower-income groups, loom large.