Jobless Claims Drop; Fed Likely to Hold Rates Despite Pressure From Trump

About Jobless Claims Drop; Fed Likely to Hold Rates Despite Pressure From Trump

Jobless claims have decreased to a three-month low, indicating a stable labor market, though slow hiring leaves many unemployed workers struggling to find new jobs. Despite ongoing tariff concerns and rising prices, the Federal Reserve is expected to keep interest rates steady next week, even as Trump urges rate cuts. Business sentiment remains cautious amidst inflationary pressures, but employment levels stay steady. Markets and the dollar show mixed responses amidst these economic developments.