May Jobs Tops Estimates, Why the Fed Might Not Cut Until September

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.

Morning Movers

06 Jun 2025

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