Trump has argued that inflation is down before. While it's steadily ebbed in recent years, prices are still rising faster than the Fed would like.

The US economy added 177,000 jobs last month, down slightly from a revised 185,000 in March. Shortly after the figures were released, Trump took to Truth Social to boast of 'strong' employment figures,

By Balazs Koranyi FRANKFURT (Reuters) -Euro zone prices rose more than expected last month and underlying price pressures accelerated, an unwelcome trend that is still not expected to prevent another interest rate cut to insulate the economy from the fallout of a global trade war.

Consumer-price inflation in the eurozone remained just above the ECB’s target, teeing up more interest-rate cuts as policymakers anticipate a hit to growth from higher U.S. tariffs.

Euro-area inflation unexpectedly held steady and an underlying measure jumped in an awkward report for officials weighing how to respond to the economic hit from US tariffs.