May Jobs Tops Estimates, Why the Fed Might Not Cut Until September
Schwab Network · Schwab Network
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Show Notes
BeiChen Lin joins Diane King Hall at the NYSE to dive into the latest monthly U.S. jobs report. He gets into a sector-specific breakdown pointing to a "catch-up" in hiring for healthcare professionals in the wake of the COVID pandemic. BeiChen says he's watching consumer data to see if spending power continues, which would have a ripple effect on hospitality and leisure jobs. He doesn't see a rate cut from the Fed until September.
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