Steady Job Gains |
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The key Employment report revealed that the economy added 139,000 jobs in May, above the consensus of 130,000, but downward revisions to the results for prior months more than offset the excess gains. The unemployment rate remained at 4.2%, as expected. Average hourly earnings were 3.9% higher than a year ago, up from an annual rate of 3.8% last month and well above the consensus forecast. |
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Week Ahead |
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Investors will continue to look for additional information about tariff policies. For economic reports, the focus will be on inflation data. The Consumer Price Index (CPI), a widely followed monthly inflation indicator that looks at the price changes for a broad range of goods and services, will come out on Wednesday. The Producer Price Index (PPI), another monthly inflation indicator, will be released on Thursday. The next Fed meeting will take place on June 18. |
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We would like to thank Peter Costakos and his partner, MBSQuoteline for their insightful information. |
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