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 prior two months, according to Bureau of Labor Statistics data out Friday.
Europe:
ECB Rate-Cut Bets Build as Growth Tops List of Tariff Worries
Expectations for European Central Bank interest-rate cuts are rising as investors and analysts assessing the fallout from Donald Trump’s tariffs conclude that the outcome for inflation will be more benign while growth will suffer.
Two days after the US president’s big announcement, markets are pricing at least three more reductions in euro-zone borrowing costs this year — up from two before.
Asia:
Japan’s Household Spending Drops for First Time in Three Months
Japan’s households cut back on spending as inflation remained elevated, in a sign of vulnerability in a key pocket of the economy before sweeping US tariffs hit the country.
Household outlays adjusted for inflation declined 0.5% in February from a year earlier, the ministry of internal affairs reported Friday.
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