Economic Week Ahead: Jobs Report, Services PMI Set Up Crucial Fed Read
From Investing.com: 2025-06-02 01:02:00
President Trump raises tariffs on China as trade tensions continue to escalate. Economic indicators this week will likely show strong construction spending and employment, weak purchasing managers’ surveys, a sound job market, and AI-related layoffs. Elon Musk’s government efficiency efforts have been lackluster. May’s job report could influence Fed policy decisions. Unemployment rate expected to stay around 4.2%. Overall, labor market expected to remain strong despite economic uncertainties.
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