"This surge in job growth, combined with the recent passage of the debt ceiling/budget bill by the Senate, sets the stage for an intriguing course of action for the Federal Reserve in June," said Jon Maier, chief investment officer at Global X. The Fed will have a difficult job when deciding how, or if, to move interest rates at the policy meeting later this month, market observers said following the May jobs report. Lea la cobertura del mercado de hoy en español aquí. Lululemon shares popped more than 11% on strong results and a guidance boost, while MongoDB surged 28% on a blowout forecast. That comes after the House passed the Fiscal Responsibility Act on Wednesday, just days before the June 5 deadline set by U.S. The Senate passed a bill to raise the debt ceiling late Thursday night, sending the bill to President Joe Biden's desk. "Clearly, on the bullish side, there are signs that inflation is starting to wane, speculation that the Fed is going to move into pause mode, increasing the likelihood of a soft landing."Įasing concerns around the U.S. "The so-called Goldilocks has entered the house," Sandven said. But Friday's data also showed average hourly earnings rose less than economists expected year over year, while the unemployment rate was higher than anticipated.īoth data points have given investors hope that the Fed could pause its interest rate hike campaign at the policy meeting later this month, according to Terry Sandven, chief equity strategist at U.S. Recently, strong employment data had been pressuring stocks on the notion it would keep the Federal Reserve raising interest rates. It marked the 29th straight month of positive job growth. Economists polled by Dow Jones expected a relatively modest 190,000 increase. Nonfarm payrolls grew much more than expected in May, rising 339,000. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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