Investors boost bets for Fed rate rise after bumper US jobs report
World’s biggest economy adds 172,000 jobs in May in sign labour market is ‘turning the corner’
Investors boost bets for Fed rate rise after bumper US jobs report The world’s largest economy created 172,000 jobs in May, indicating a potential turning point for the labor market. This robust job growth has prompted investors to increase their wagers on a Federal Reserve interest rate increase.
- The US economy added 172,000 jobs in May.
- This job growth is seen as a sign that the labor market is improving.
- Investors have increased their bets on a Federal Reserve interest rate hike following the jobs report. Continue reading https://www.ft.com/content/ab37709f-9b5e-493c-902c-a87cba23b493
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