Stronger-than-expected job report could delay rate cuts

From Investing.com: 2024-06-08 06:10:18

The U.S. job market remains strong with 272,000 jobs added in May, higher than expectations. This surge could influence the Federal Reserve, possibly delaying rate cuts. Unemployment rate increase to 4.0% may not reflect job gains accurately due to labor force changes or demographic shifts.

Economists predict the Fed will keep rates on hold for now, with potential gradual cuts later in the year. Some foresee a rate cut in September if inflation data supports it. The pace and timing of rate cuts will depend on future economic data and the Fed’s assessment of the economy’s health.



Read more at Investing.com: What will the Fed do after hotter-than-expected jobs report? By Investing.com