Trump says US economy in "transition," urges Fed to cut rates

ReutersMay 2, 2025 1:02 PM

View all comments（0）



May 2 (Reuters) - President Donald Trump on Friday said the U.S. economy is in a transition stage, citing strong employment and his tariff plan while reiterating his call for the U.S. Federal Reserve to lower its interest rate.

"We’re only in a transition stage, just getting started!" he said in a Truth Social post. The post followed the release of U.S. data that showed job growth slowed marginally for April.

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Comments (0)

Click the $ button, enter the symbol, and select to link a stock, ETF, or other ticker.

Commenting Guidelines

Recommended Articles

BigBear.ai Stock Down 26% YTD – Should You Invest in BBAI Stock in 2026? Can the Ask Sage Deal Lead to a Rebound?

TradingKey - BigBear.ai (BBAI) provided a modest first-quarter update on May 5, and BBAI shares have declined about 26% year to date. The company finalized the acquisition of Ask Sage in January, marking its shift away from a services-heavy government contractor to a platform-centric AI company. The

Hawkish BOJ April Minutes: June Rate Hike Expectations Rise, USD/JPY May Fall Below 150

TradingKey - On Tuesday (May 12), the Bank of Japan released the minutes of its April monetary policy meeting. The minutes revealed that several policy board members believed the central bank may need to raise interest rates soon, with some even suggesting that action could be taken as early as the June meeting.

Renesas Electronics Rises Over 7%, SoftBank Rises Over 4%, Can Japanese Chip Stocks Replicate South Korean Stocks’ Soaring Rally?

TradingKey - On May 12, Japanese chip stocks strengthened significantly, with Renesas Electronics rising 7.14%, Sumitomo Metal Mining gaining 5.61%, and SoftBank Group advancing 4.25%. The Nikkei 225 Index climbed more than 700 points at one point during the day.

Asia-Pacific Stocks Close: Market Wait-and-See Sentiment High Ahead of US-China Leaders’ Meeting

Tradingkey - The imminent meeting between the U.S. and Chinese heads of state and the upcoming release of U.S. CPI data have fueled a strong "wait-and-see" sentiment in the market. Asia-Pacific stock markets showed mixed performance; Japanese and Taiwanese stocks edged higher, while the rally in South Korean equities paused, closing down 2.29%. The Nikkei 225 Index closed up 0.52% at 62,742.57 points. During the session, it reached a high of 63,218.51 and a low of 52,158.43, continuing to hover at elevated levels.

Cerebras Systems IPO 2026: Date, Price, Valuation, and Whether CBRS Is Worth Buying

TradingKey - Cerebras Systems (CBRS) IPO prices May 13–14 at $125–$135/share. $26–$27B valuation, 20x oversubscribed, $510M revenue, 47% net margin, OpenAI 750MW deal. Everything you need to know.

Featured Tools