US Labor Market Stronger Than Expected, Raises Doubts About Rate Cuts
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#275a7504 ver:1.76

The US labor market exceeded expectations in May, with 272,000 jobs added and wages rising 4.1%. This strong data has raised doubts about the likelihood of rate cuts by the Federal Reserve, with interest-rate swaps indicating diminished expectations. Small-business owners are preparing for rate hikes and concerns about stagflation. The unexpected strength of the labor market has triggered a sell-off in US government debt and led to a strengthening of the US Dollar Index. #USjobs #Fed #economy...

#newstr #UsLaborMarket #InterestRates #Inflation #UsEconomy #RateCuts #FederalReserve 

 https://here.news/story/275a7504?ver=1.76