Trade Sheet: Monday April 7, 2025
Daniel Ivey2025-04-07T14:50:12-05:00
April 7, 2025 United States: Powell Says Fed in No Hurry to Cut as Markets Continue to Swoon Federal Reserve Chair Jerome Powell made clear the US central bank won’t rush to react to sweeping Trump administration tariffs, or to the financial market turmoil that has ensued amid fears of a global economic downturn.
April 4, 2025 United States: US Hiring Picks Up, Showcasing Solid Job Market Ahead of Tariffs US job growth beat forecasts in March in a broad advance, pointing to a resilient labor market before the global economy gets hit by widespread tariffs. Nonfarm payrolls increased 228,000 last month after downward revisions to the
April 3, 2025 United States: US Continuing Jobless Claims Rise to Highest Since November 2021 Recurring applications for US unemployment benefits rose to the highest since November 2021, adding to signs it’s proving more difficult for out-of-work people to re-enter the workforce. Continuing claims, a proxy for the number of people receiving benefits,
April 2, 2025 United States: US Firms Add 155,000 Jobs in ADP Data, More Than Forecast Hiring at US companies accelerated last month, rebounding from a weak February marked by severe weather in some regions of the country. Private-sector payrolls increased by 155,000 in March, according to ADP Research. https://www.bloomberg.com/news/articles/2025-04-02/us-firms-add-155-000-jobs-in-adp-data-more-than-forecast?srnd=phx-economics-v2 Europe:
April 01, 2025 The seasonally adjusted unemployment rate for the euro area was 6.1% in February 2025, down from 6.2% in January 2024 and from 6.5% in February 2024. In February 2025, the unemployment rate in the EU was 5.7%, a decrease from 5.8% in January 2025 and from 6.1% in February 2024. Eurostat estimates that 12.677