Moderate US Jobs Growth Unlikely to Satisfy Fed's Criteria for Action

With a little over three weeks to go until the Federal Reserve’s next interest-rate decision, the absence of further bank failures and fresh evidence of a still-strong US jobs market are keeping investors betting on one more hike to finish the job of quelling inflation.

The March employment report on Good Friday showed a 236,000 increase, still well over double the rate that economists say is needed to absorb new entrants to the labor force. The unemployment rate dropped to 3.5%, near the lowest in more than half a century.

Source : Moderate US Jobs Growth Unlikely to Satisfy Fed’s Criteria for Action