Will they or won't they?

With the relatively bland U.S. labor numbers for May bumping against randy trade deals and thirsty tariff tiffs, there's leverage for Federal Reserve Board Chair Jerome Powell to re-examine the expected three 25-basis point rate cuts later this year.

The Department of Labor reported June 6 that hiring remained stable in May with employers adding 139,000 jobs, gains that were slightly higher than expected but down from April. The unemployment rate stayed the same at 4.2%, as expected by most economists.

Leisure and hospitality plus healthcare sectors reported the highest numbers of jobs with the DOGE-ed federal workforce among the lowest.

But the manufacturing and retail sectors also shed jobs, which coupled with the federal losses, display an irrefutable shock

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