Nick Timiraos, a Wall Street Journal (WSJ) reporter known as '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 that 'the labor market has stabilized, and inflation is once again facing upward pressure due to tariffs and the impact of the war in Iran.' He also assessed that the need for a rate cut has weakened as employment, unemployment rate, and wage indicators all appeared strong in the April non-farm employment report. Timiraos added, 'Currently, the Fed is maintaining a policy freeze, and future key variables are likely to be inflation data.'
