Labor Market Is Strong: Will The Fed "Skip" A June Rate Hike?

May non-farm payrolls reaffirmed the strength of the labor market, notes Nathan Peterson. He and Kathy Jones discusses how the markets bounced back to close the week. Nathan mentions that the tight labor market isn't necessarily translating into spiraling wage growth and intermediate-term market technicals are bullish. Kathy highlights that the stronger than expected jobs report sent bond yields higher and the big question is: will the Fed "skip" a June rate hike? She also goes over how job growth is still exceeding expectations reduces the likelihood of rate cuts in 2023. They then examine the bond market. Tune in to find out more about the stock market today.