The US jobs report has released mixed signals, with employment data showing a balance between not being as bad as initially feared and not being as strong as expected. This mixed reading may lead the Federal Reserve to be cautious about cutting interest rates soon.
President Donald Trump has been pushing for lower interest rates, but financial markets are interpreting the numbers as suggesting that the Fed will take a slower approach.
Source: https://www.barrons.com/articles/jobs-report-fed-rate-cuts-ff1b6878