Federal Reserve Vice Chair: Inflation Upside Risks May Have Eased, Fed Beige Book to Be Released Next Week

April 1st Former President Donald Trump announced on Truth Social that: "Iran’s new president—far less radical and smarter than his predecessors—has just asked the U.S. for a ceasefire! We’ll consider it only once the Strait of Hormuz is open and unimpeded. Until then, we’ll bomb Iran to smithereens—or, as they say, send them back to the Stone Age!!!"

On April 1, Coinbase announced it will list Checkmate (CHECK) and Sign (SIGN) for spot trading on April 2. For users in supported trading regions, the CHECK-USD and SIGN-USD trading pairs will go live at 9:00 AM Pacific Time (PT) or later, provided liquidity conditions are met.

On April 1, an analyst at U.S. financial site InvestingLive commented on the latest ADP employment data, noting the following key points: After a period of weakness, ADP figures have posted decent results for two straight months. The 62,000 new jobs added—while not robust—has eased pressure on the Federal Reserve’s employment mandate, making policymakers more likely to hold rates steady or consider a rate hike. Small business job growth also improved. The report’s drawbacks, however, stand out: 58,000 of the 62,000 new positions came from education and healthcare services. Construction added 30,000 jobs, but trade/transportation/utilities cut 58,000 roles, and manufacturing shed 11,000 positions.

April 1: U.S. February month-over-month (M/M) retail sales rose 0.6%, beating the 0.5% consensus estimate. The prior month’s reading was revised up from -0.2% to -0.1%. This marks the strongest monthly retail sales print since July 2025. (Source: FXStreet)

April 1: ADP Report - February’s U.S. job gains revised up to 66,000 from 63,000. (Kinjun)

April 1st — U.S. ADP Employment Report (often referred to as the "mini non-farm payrolls"): March job gains beat market expectations. The report showed 62,000 jobs added last month, topping the 40,000 forecast and roughly matching February’s 63,000 additions. Automatic Data Processing (ADP) noted stable hiring and wage growth in March. Small businesses remained the top driver of employment growth for the second consecutive month, while hiring in trade, transportation and utilities continued to decline. ADP Chief Economist Nela Richardson said overall hiring remains steady, but job growth is increasingly concentrated in specific sectors like healthcare. She added the March job market showed resilience, and wage growth for job switchers also picked up. (Source: FXStreet)