Why the Fed hiked interest rates again

1. Jobs report: On Friday, the U.S. Labor Department will Discharge its March jobs report. the idea’s yet another glimpse at President Trump’s key promise: “Jobs! Jobs! Jobs!” as the idea put the idea in a tweet last week.

February’s report was robust: The U.S. economy added 235,000 jobs as well as the unemployment rate dipped to 4.7% coming from 4.8%.

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Trump is actually on pace to fulfill his promise to create 25 million jobs over the next 10 years, though he’s only got a couple months under his belt. The Friday jobs report will reveal whether Main Street as well as Wall Street are still doing a lot of hiring.

2. Senate votes on Trump’s SEC pick: On Tuesday, Jay Clayton is actually required to be confirmed to chair the Securities as well as Exchange Commission. He will fill the top vacancy at the SEC, which protects investors as well as makes sure markets are fair to all.

In March, Clayton told the U.S. Senate Banking Committee: “I am 100% committed to rooting out any fraud as well as shady practices in our financial system.”

However, Democrats are concerned of which Clayton’s history representing big banks will force him to recuse himself coming from many situations.

3. Fed update: Investors are looking to see whether or not the Fed will raise interest rates again.

The Federal Reserve raised its key interest rate in March for just the third time since the financial crisis. The rate hike shows of which the Fed is actually confident about the pace of economic growth.

Investors are expecting the Fed to discuss Trump’s potential reforms, including tax cuts, infrastructure spending as well as trade.

4. World Economic Forum on Latin America: The annual event will take place in Buenos Aires starting April 5th as well as will discuss the region’s political, economic as well as societal issues.

Latin America is actually currently in a transitional period due to U.S. policy improvements as well as the rise of technologies such as robotics as well as artificial intelligence.

Mexico’s central bank raised interest rates for the fourth time since the U.S. election last week. Trump’s threats to build a wall, tax imports as well as withdraw coming from NAFTA caused the peso to fall. The peso’s value has risen since the rate hike, although is actually still at a historic low.

5. Coming This particular week:

Monday – Auto sales; H-1B visa applications open up for the next fiscal year

Tuesday – Equal Pay Day; Senate votes on Trump’s SEC pick

Wednesday – World Economic Forum (Latin America) begins; Women within the entire world Conference starts

Thursday – Chinese President visits Mar-a-Lago

Friday – Jobs report

sy88pgw (brand new York) First published April 2, 2017: 8:03 AM ET