U.S. Labor Market Remains Strong, Fed Rate Cuts Before 2028 Unlikely
The U.S. labor market showed resilience in May with the addition of 172,000 nonfarm payrolls and a stable unemployment rate at 4.3%. The strong hiring data across multiple sectors has reduced expectations for Federal Reserve interest rate cuts before 2028.
Topics: Federal Reserve Policy Job Growth Nonfarm Payrolls Unemployment Rate