An increase in the number of U.S. jobs that was higher than expected makes it unlikely that the Federal Reserve will cut interest rates soon.

President Donald Trump urged the Federal Reserve to cut rates by a full percentage point, intensifying his pressure campaign against Chair Jerome Powell.

U.S. President Donald Trump gave fresh criticism of Federal Reserve Chair Jerome Powell over interest rates, accusing him of costing the United States "a fortune" and demanding a "full point" reduction.