Confounding US economic, inflation data muddy Fed’s rate path on Nostr: May Jobs Report Shows Strong Hiring and Wage Growth, but Mixed Signals for the Fed ...
May Jobs Report Shows Strong Hiring and Wage Growth, but Mixed Signals for the Fed
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#2140b79c ver:2.13
The May jobs report in the US exceeded expectations, with 272,000 jobs added and strong wage growth. However, the unemployment rate ticked higher and there are concerns about the quality of jobs created. The report will impact the Federal Reserve's decision on interest rates, with most analysts ruling out a rate cut this summer. President Biden praised the report, but small businesses are concerned about high-interest rates. #JobsReport #Economy #FederalReserve...
#newstr #MayJobsReport #FederalReserve #LaborMarket #UnemploymentRate #WageGrowth #InterestRates
https://here.news/story/2140b79c?ver=2.13
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#2140b79c ver:2.13
The May jobs report in the US exceeded expectations, with 272,000 jobs added and strong wage growth. However, the unemployment rate ticked higher and there are concerns about the quality of jobs created. The report will impact the Federal Reserve's decision on interest rates, with most analysts ruling out a rate cut this summer. President Biden praised the report, but small businesses are concerned about high-interest rates. #JobsReport #Economy #FederalReserve...
#newstr #MayJobsReport #FederalReserve #LaborMarket #UnemploymentRate #WageGrowth #InterestRates
https://here.news/story/2140b79c?ver=2.13