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The US economy beat expectations for job growth in March,.
Employers added 303,000 jobs, easily beating the 200,000 gain forecast by LSEG economists. The unemployment rate inched lower to 3.8%.
We did see another revision in the previous month's numbers. They were revised down from 275,000 to 270,00. Economist Stephen Moore with the Heritage foundation says the revisions from the last few months are adding up.
"Over the last year the revisions are down a million jobs. We'll see if this number holds up," Moore said.
What does this mean for interest rates?
"Why would the Fed be cutting rites? We have not slaved the inflation dragon. I'm looking at 5% inflation over the next few months," Moore explained.
The next Fed meeting is from April 30th to May 1st