Reported 11 months ago
US job growth in May exceeded expectations, with the Labor Department reporting a rise in nonfarm payrolls by 272,000 jobs and the unemployment rate ticking up to 4.0%. The strong job report may delay the Federal Reserve's plans to cut interest rates, as experts view the market reaction, with the S&P 500 e-mini futures turning lower and the U.S. Treasury 10-year yield jumping. Analysts comment on the report's implications for the labor market, consumer spending, inflation, and the Fed's rate cut decisions, with some predicting potential rate cuts later in the year despite the robust job numbers.
Source: YAHOO