US markets hold steady: Wall Street edges up ahead of US jobs data; Fed rate cut bets rise amid hiring concerns
Thursday, 5 June 2025 () US stocks edged higher as investors awaited crucial employment data, with labor market softness fueling expectations of a potential rate cut by the Federal Reserve later in the year. Procter & Gamble announced job cuts, while Five Below surged after strong earnings. PVH Corp. faced tariff-related pressures, impacting its profit outlook.
President Trump now says he has “no intention” of firing Federal Reserve Chair Jerome Powell, despite calling him a “major loser” just days ago. Trump’s sudden reversal—delivered in the..
Asian stocks mostly climbed following weak US economic data, fueling hopes for potential Federal Reserve interest rate cuts. Investors are keenly awaiting US... IndiaTimes
Thursday, 5 June 2025 ()
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