Reported 11 months ago
The U.S. added 272,000 nonfarm payroll jobs in May, with unemployment at 4%, surpassing expectations. This strong job market may affect the Federal Reserve's future decisions. Economists maintain projections for a July rate cut due to softening labor market conditions and cooling inflation, but recent robust job growth challenges this prediction. They discuss the impact on markets and the Fed's timeline, questioning the sustainability of market highs given current data that may point to broader economic challenges and potential risks of delaying rate adjustments.
Source: YAHOO