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Stock impact report

Sorry, America, it's looking like higher interest rates are going to stick around longer [Yahoo! Finance]

ZipRecruiter, Inc. Class A (ZIP) 
Company Research Source: Yahoo! Finance
Powell has emphasized the importance of more data before deciding to cut rates. It's probably still not time for the nation's central bank to cut interest rates anytime soon. On Wednesday, the Federal Open Market Committee will announce whether it will continue holding interest rates steady or give Americans some relief from sky-high mortgage and credit-card rates, and it's looking likely it will choose the former. The CME FedWatch Tool , which estimates the market's views on probabilities for interest rate changes, predicts there's a 97.1% chance rates will remain unchanged as of Monday morning. It all comes down to the data. Julia Pollak, chief economist at ZipRecruiter, told Business Insider after the jobs report published earlier in April that it was "the Fed's holy grail: strong job market with non-inflationary growth." That report showed average hourly earnings rose by 4.1% year over year in March, which is at a slower rate than in the last few years, the unemployment r Show less Read more
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