Jobs Surge, Rates Stay High | Charleston News

Jobs surged to 162,000 last month—way above expectations—sending a clear message that the economy is still firing on all cylinders. That’s bad news for anyone hoping the Fed will slash interest rates soon; it’s likely they’ll hold off longer to tame inflation. President Trump weighed in too, pushing for lower rates and even hinting at trade moves if the Fed doesn’t bend. Meanwhile, diesel prices hit record highs at $5.85, pushing up shipping costs, while gas prices climbed to $4.14 amid rising tensions in Iran—making this a wild ride of economic forces colliding. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/9a02c14a455489ba