Josh Lipton outlines the top stories to watch on Friday, April 4.
The Trump administration's 25% tariff on imported canned beer and aluminum cans will take effect at midnight.
The March jobs report will be released in the morning, with economists forecasting a steady unemployment rate, steady hourly wage rates, and 140,000 nonfarm payrolls added.
Federal Reserve Chairman Jerome Powell, Fed Governor Michael Barr, and Fed Governor Christopher Waller are all set to give commentary amid concerns about slower economic growth.
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Time now for to watch Friday, April 4th. We'll start off on the tariff front. The Trump administration is imposing a 25% tariff of all imported canned beer and empty aluminum cans. Those set to take effect at midnight. That move coming as President Trump's reciprocal tariffs that are in effect today, wreak havoc on the markets. Moving over to the labor force, March's full jobs report, that is coming out in the morning. Con is forecast to 140,000 non-farm non-farm payrolls to be added less than February's number, while the unemployment rate and hourly wage growth hold steady at 4. 4% and 0.3% respectively on a month over month basis. Taking a look at the Fed, we're going to be getting another round of Fed commentary throughout the day. That includes Fed chair Jerome Powell and Fed governors Michael Barr and Christopher Waller. This coming after comments from Fed Governor Lisa Cook today. Cook saying she sees slow economic growth this year and stalled progress on lowering inflation due to tariffs.
