The US President, Trump, claimed that the Fed Slashed them down badly in terms of economic growth, as there’s no inflation.

Trump showed the reports claiming – US firms added 196,000 jobs last month, compared to 33,000 in February.

“I think the Fed must drop the rates down and loosen it quantitatively. You would see a rocket ship”, said Mr.Trump.

The Fed has continuously been raising the interest rates- four times since Jerome Powell stepped as chairman in February last year.

Although, Mr. Powell was appointed by Mr. Trump the US President has often criticized the Fed chairman for increasing rates.

As per The Wall Street Journal report, earlier this week Mr. Trump told Mr. Powell in a recent phone call: “I guess I’m stuck with you”.

Further twice an increase in the interest rate by the Fed is forecasted.

However, Fed replied saying, now we are taking a “patient approach” to interest rates.

Mr. Trump about the next Fed Chairman nominations Also, Mr. Trump, earlier this week said, that he would nominate the former boss of Godfather’s Pizza to the Fed’s board of governors.

The 73-old-year, Herman Cain, is a former chairman of the Federal Reserve Bank of Kansas City.

Apart from Mr. Herman Cain, Mr. Trump also plans to nominate Stephen Moore, who advised the president during his election campaign, to join the Fed’s board of governors.

Analysis of the President’s choices picks of Herman Cain and Stephen Moore to the Federal Reserve’s Board of Governors shows that Mr.Trump is politicizing America’s central bank.

Well, their candidacy holds for a shift from the president’s first few nominees to America’s central bank. The duo were more traditional candidates and was more or less greeted with bipartisan approval.

Still, Cain and Moore appear to have been picked mostly for their loyalty rather than their experience with the President and have therefore provoked a great deal of political criticism.

As, Donald Trump openly has been critical of recent Fed policy, heckling Fed Chairman Jerome Powell on Twitter. Mr. Trump’s only concern with the Fed is to lower interest rates and ease quantitative tightening.

About the candidates’ Economist, Stephen Moore openly has been critical of the Fed.

While Cain, the former boss of Godfather’s Pizza, who also has worked at the Kansas City Federal Reserve often stated his anachronistic view that the US should return to the gold standard.

If their nominations pass well, they would be in a position to promote his view that the economy can grow much faster without overheating.

But for investors, it might raise fear about the independence of America’s central bank.JobsAnalysts have been expecting a growth in the new jobs somewhere ranging from 170,000 and 180,000 roles, while the earnings data showed that the annual rate of wage would be slowed down from 3.4% in February to 3.2% in March.

Ian Shepherdson [The chief economist -Pantheon Macroeconomics]

However, these data won’t change anyone’s thoughts about whether would the Fed ultimately will have to hike this year.

Although the payroll gain is welcome, one month isn’t sufficient to prove whether will the trend remains close to 200,000, and doves will point to the modest average hourly earnings gain as a piece of evidence that the Fed’s ‘patient’ stance is justified.

Win Thin  [Global Head Of Currency Strategy at Brown Brothers Harriman]

It was a “mixed report” with highlights including an upwards revision to the 20,000 new jobs initially reported in February.

But the factor of disappointment here is  “The average hourly earnings”.

To be more precise with the report:

The unemployment rate remained at 3.8% for the second consecutive month.

The healthcare sector experiences jobs rise, but both the retail and manufacturing sectors saw declines.

Also, around 6,000 jobs were lost in manufacturing, the first decline in the sector was in July 2017.

Many car companies are in the notch of cutting thousands of jobs, which includes General Motors -cutting about 14,000 workers.

In a significant and heartening development, Central American children have been granted the opportunity to join their parents residing in the United States. This historic decision marks a turning point in immigration policy, fostering family unity and providing countless children with a chance to be with their loved ones. With a commitment to compassion and empathy, the United States has taken a step towards nurturing stronger bonds and creating a brighter future for these young individuals. This article explores the implications of this breakthrough decision and the positive impact it will have on the lives of children and their families.

It ensures a lawsuit that challenged the Trump administration’s cancellation of a program that gave the children the right to join their parents.
However, the Central American Minors program which was closed in 2017 has benefited children from Honduras, El Salvador, and Guatemala.
Wayback, many of the parents have fled natural disasters and disputes.

Thus the case was brought against the government by 12 children and parent applicants to the Central American Minors program and immigrant advocacy group CASA.

In the last month, a judge at the United States District Court in San Francisco ruled that the applications must be processed.
So many need to escape danger
Moreover, one of the parents identified as SA during the case had already spent thousands of dollars on plane tickets when the program was canceled.
The parent said in a statement:

“My heart jumps and cries for joy because there are so many who need to flee the threat. I have faith that I will be together with my daughter and grandson soon”.
Under the ruling, the government must finish processing children who were in the final stages of their application.

Linda Evarts [Attorney at the International Refugee Assistance Project] said:

We are so pleased that after many years apart our clients will finally have the break to reunite with each other in safety.
As per the group, the government anticipates that most applicants will be approved for parole and allowed to travel to the US.
President Donald Trump, last month, cut off aid to El Salvador, Guatemala, and Honduras in a bid to force their governments to stop migration into the US.
Well, there has been a large jump in asylum seekers leaving violence in the three countries. As the three nations most of the migrants on the US southern border arrive from.

Conclusion:

The opportunity for Central American children to join their parents in the United States represents a remarkable triumph of compassion, empathy, and human rights. This policy shift opens doors to brighter futures, promoting family unity, emotional well-being, and socioeconomic empowerment. By embracing these children and their families, the United States paves the way for a more inclusive and compassionate society, while also benefiting from the diverse contributions of these young individuals. As the children settle into their new lives, they will undoubtedly inspire others and serve as a testament to the power of unity and compassion in transforming lives and shaping a better world.

It should be noted that these reports are preliminary in nature and will be revised in the days to come- possibly over the next month. That should mean the initial estimates may still hold some water. What we mean by that is economist are not yet ready to buy the truth in the reports and consider the report is a little exaggerated as things stand as of now. They still foresee a downfall over the next couple of months.

Negative clouds being prevalent, the situation, however, looks impressive enough. The job market is still stronger enough, and the consumers market also appears to be confident. These positive traits should ideally help the policy-makers to set the fears of recession aside.

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The anger that the people had seems to have subsided to a considerable extent, and the economy appears to be heading back to normalcy.

What does this mean for The Administration?

Well, for Washington, this may be good news. During the latter part of the last year, the situation was not impressive for the Trump administration. The growth did slow down, there was a huge trade deficit, and the stock market had experienced a huge plunge downward.

The conditions seem to be improving these days. The trade deficits have been experiencing narrowing trends, the stock market is finding itself being slightly renewed, and now the good news about the GDP can be something that the trump administration will find a saving grace. There have been signs of the recovery of the job market as well.

“We’re knocking it out of the park,” that is what Trump told the reporters on Friday morning to the reporters. But, you cannot expect the improvements in terms of policy-making as such.  The policymakers are most likely to consider the first quarter results and the reports to be much temporary.

The future holds anything good?

Well, it may not be. The trends in the first quarter may or may not be truly rewarding. They may as well reverse in the second quarter.

The month ahead is likely to witness a dip in the overall GDP. The global trade is considerably weaker and can have a serious effect on the GDP. The analysts expect net trade to grow further ahead. However, consumer spending has been one of the strongest points and has been likely to improve recovery. While the spending had tumbled in December and January, it is recovering in the quarter and has been raising hopes.

The analysts are keeping a close watch on the world scenario. They are hoping to find a good surge in the consumer spends in the upcoming months. As Joe Brusuelas, chief economist for RSM candidly puts it, “We had a near miss on a recession, but we didn’t have one last year, We won’t have one this year. I think this is a good place for the economy to be.”

There are expectations of slow growth this year as a result of tax cuts and government spending increases. However, there is not much havoc in the minds as had been a few months ago. That should point to a better direction.

The proposal arrives after the WTO said earlier this month that the US had lost to remove some Boeing subsidies.
Thus the EU move comes after the US said it was considering tariffs on about $11bn (£8.4bn) worth of EU goods in response to Airbus subsidies.

Eventually, it comes after the EU approved plans in April for trade talks with the designed to reduce trade barriers.

Cecilia Malmström [EU Trade Commissioner] said:

European companies must be able to compete on fair and equal terms. However, the recent WTO ruling on US subsidies for Boeing is important in this respect. Fir which we must maintain to secure a level playing field for our industry.

The proposed tariffs embrace a range of products from aircraft to chemicals and food products including frozen fish, citrus fruit, and ketchup.

Moreover, the EU’s threat to impose new tariffs on US goods doesn’t exactly lighten the mood in a situation where global trade tensions have already intensified.

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Yet this proposal, corresponding US plan for action against the EU over subsidies to Airbus, is consistent with the established rules of the World Trade Organization.

Where both the parties have published lists of products for discussion and both say they will wait for a WTO arbitrator to tell them how much action they should take further.

Eventually, it shows a significant difference from the dispute between China and the US. Following American’s action over steel and aluminum, where it can be treated that countries have gone beyond what the WTO rules permit.

These actions led to genuine interests that the rules-based system for managing global trade may be facing serious threats. Still, the proposed vengeance on aviation does not.

Dynamic faceoff

The US and the EU have been battling for almost 15 years at the World Trade Organization over subsidies given to US planemaker Boeing and its European rival Airbus.

Following partial victories for both sides, each of them is asking a WTO arbitrator to determine the level of countermeasures they can impose on the other.

The Trump administration:

In the last week, they proposed targeting a seven-page list of EU products for tariffs, ranging from large aircraft to dairy products and wine, to counteract the harm from EU subsidies for Airbus that are worth an estimated $11bn.

To which the EU has responded with its own 11pages lists of US imports, including agricultural produce and dried fruit, to planes, tobacco, handbags, suitcases, tractors, helicopters, and video game consoles.

While the published list will now be open to consultation until 31 May and could then be revised.

Ms. Malmström

The EU continues open for discussions with the US, provided these come without preconditions and aim at a fair result

Trade Discussion:

WTO arbitrators have yet to set an outlay, in both cases. But the US case against Airbus is more advanced, with a ruling reasonable in June or July. The EU case against Boeing could come early in 2020.

Both sides have agreed to go for a settlement that did not lead to tariffs being imposed.

Following which, the EU had said it is ready to start formal trade talks with the US.

Now, the Commission is set to start two sets of agreements.  Of which one to cut tariffs on industrial goods, the other to make it easier for companies to show products meet EU or US standards.
However, the EU has insisted that agriculture will not be combined. The reasons it gave are its odds with the US, which wants farm products to be part of the discussions.

As the number of users is increasing, more business ideas and options are being created on Twitter, and that all lead to spam. Combating with spam is not an easy job because they find new ways of spamming when a company tries finding solutions.

Twitter has cut down the number of accounts you can follow per day to 400. It is a huge drop from the previous cap which is of 1000 accounts. That means, earlier you could follow 1000 accounts a day but now, you cannot follow more than 400 accounts a day.

https://twitter.com/TwitterSafety/status/1115308523901079557

One of the  Twitter spokespersons stated, “As a part of our commitment to building a healthy service, we remain focused on stopping spam and abuse on Twitter.”

What Twitter has done is right because there are spammers who do follow a huge number of accounts per day to get followed, and once they get followed, they start unfollowing others which is unethical. They do it to spam!

So, we respect Twitter’s decision of cutting down the numbers.