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,

Euro zone inflation held steady a touch above the ECB's 2% target in April but underlying price pressures picked up more than projected, likely making some ECB policymakers nervous, even if a trade war may justify more interest rate cuts.

Inflation in the eurozone remained unchanged in April, staying higher than analysts expected, official data showed on Friday, but was unlikely to sway the European Central Bank from its interest rate-cutting cycle.

Eurozone inflation surged more than expected in April, as the impact of trade tariffs began to reverberate through the consumer basket, posing a fresh challenge for the ECB. View on euronews