From new data Fed towards a quarter point cut in June. The hypothesis of a reduction in March was shelved in recent weeks due to the stability of the economy.
Fed Chairman Jerome Powell told Congress that the central bank is "not far" from having the necessary confidence in price movements to reduce the cost of borrowing. The American economy created 275,000 jobs in February, more than the expectations of analysts who were betting on 200,000. The unemployment rate rose to 3.9% from 3.7% in January.