From Investing.com: 2025-06-05 08:07:00

May is a pivotal month for assessing the impact of tariffs on the US economy. The Atlanta Fed predicts a strong Q2 GDP growth of 4.6%, while the New York Fed forecasts a softer 2.4% increase. Recent reports show a slight contraction in the services sector, but the ISM survey paints a more positive picture. ADP’s estimate for May indicates a significant slowdown in hiring, raising concerns about the labor market. Economists anticipate a decrease in private-sector hiring in tomorrow’s government report. A weak payrolls report could confirm fears of the repercussions of a global trade war.



Read more at Investing.com: Mixed Data for May Clouds Outlook for US Economy