US Economy Adds 272,000 Jobs in May, Diminishing Chance of Rate Cuts
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#275a7504 ver:1.78

The US economy added 272,000 jobs in May, surpassing expectations and diminishing the likelihood of rate cuts. The unemployment rate rose to 4.0%, while average hourly wages increased by 4.1%. This strong labor market data has led to doubts about the Federal Reserve cutting rates this year. Treasury yields rose, strengthening the US Dollar Index. Small business owners are preparing for rate hikes and stagflation. The unexpected strength of the labor market has prompted economists and analysts to reassess their outlook for the economy and monetary policy. #USjobs #economy #Fed #ratecuts...

#newstr #UsLaborMarket #InterestRates #Inflation #UsEconomy #FederalReserve #RateCuts #JobGrowth #WageIncreases #MarketSentiment #SmallbusinessOwners #Stagflation #Selloff #TreasuryYields 

 https://here.news/story/275a7504?ver=1.78