Tight US Jobs Report Dampens Fed Easing Hopes: This Week In The Market
Snippet of Article: "...Friday’s May jobs report revealed tighter-than-expected labor market conditions, dampening market expectations of imminent Fed rate cuts. Market expectations no longer fully price in two Fed rate cuts by the end of the year. Investors reduced bets on a September cut...the May employment report delivered mixed messages. While payrolls and wage growth were strong, the rise in the unemployment rate was unexpected, he said. Recent job growth has been concentrated in part-time positions, with a decline in temp jobs indicating a cooling labor market, he said. "
Source: www.msn.com