From Quiver Quantitative: 2025-06-07 00:38:00

Treasury yields rose after strong job and wage growth in May, leading traders to decrease bets on Fed rate cuts. The S&P 500 climbed over 0.7% as investors favored risk assets. Nonfarm payrolls increased by 139,000, with the unemployment rate staying at 4.2%. The Bloomberg Dollar Spot Index appreciated slightly. While manufacturing payrolls fell by 8,000, temporary-help employment saw a significant decline. Fed officials are cautious about rate moves, monitoring data amidst tariff and budget uncertainties. Economists warn that federal spending cuts and tariff uncertainty may further strain labor markets and consumer confidence.



Read more at Quiver Quantitative: Bond Market Reacts Sharply to U.S. Job Gains; Equities Rally on Strong Labor Data