Nick Timiraos, a Wall Street Journal (WSJ) reporter and often referred to as the 'Fed's Mouthpiece,' analyzed that 'the Fed's policy focus is shifting from the job market to inflation.' Regarding recent non-farm employment indicators, he explained, 'The labor market has stabilized, and inflation is again facing upward pressure due to tariffs and the impact of the war in Iran.' He also assessed that the April non-farm employment report showed robust employment, unemployment rate, and wage indicators, weakening the need for interest rate cuts. Timiraos added, 'The Fed is currently maintaining a policy freeze, and future key variables are likely to be inflation data.'
