This week, interest rates have climbed to just above 7%. This increase is largely influenced by recent economic reports making headlines.

Job Market Surprises

The latest jobs report revealed a surprising addition of over 300,000 jobs. However, this figure masks the reality of more than 2 million job losses, creating a complex economic picture. 🤔

Inflation Insights

The Consumer Price Index (CPI) report also came in higher than expected. While it does indicate that inflation is cooling, it's not cooling as quickly as the Federal Reserve had hoped. 🫠

Fed's Plans on Hold?

Although the Federal Reserve had announced potential rate cuts for this year, these recent reports suggest that such cuts might be delayed further into the year. 📆

Stay tuned for more updates as we continue to monitor these economic developments.