May Jobs Report and Inflation Data Impact Expectations for Interest Rate Cuts
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#275a7504 ver:1.73

Strong job growth and wage increases in the May jobs report have dampened expectations for interest rate cuts by the Federal Reserve. The report showed 272,000 jobs added to the economy, surpassing estimates, and average hourly wages rose to 4.1% annually. This has led to a decrease in the likelihood of a rate cut in September, with only a 47% chance according to the CME FedWatch Tool. However, some analysts still expect a rate cut in September, but further strong data could change that. #JobsReport #Inflation #InterestRates...

#newstr #UsStockMarket #MayJobsReport #RateCuts #Inflation #InterestRates 

 https://here.news/story/275a7504?ver=1.73