Strong US jobs data push Fed rate cuts further out of reach
What's new: Traders sharply reduced odds of a June cut and priced in roughly a 70% chance of a hike by late 2026.
Bloomberg, CNBC
#Christopher Waller
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Earlier: US adds 172,000 jobs in May, pushing Fed rate cuts further backSeries: United States · May 2026 Jobs Report · 5 chapters since Jun 5