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Bumper US non-farm payrolls in May confirm Fed rate cuts are off the table
The US non-farm payrolls in May showed job gains twice the expected amount, with the unemployment rate remaining unchanged. This data confirms that Federal Reserve rate cuts are no longer considered.
Related Signal
Adjacent reporting
- U.S. payrolls rose by 172,000 in May, much more than expected; unemployment at 4.3%
- Jolts data shows US labour market is in stagnation not freefall
- US Wage Gains Moderated, Jobless Rate Holds | Real Yield 5/8/2026
- UK unemployment shows surprise fall to 4.9% as pay growth drops to lowest in five years
- US jobless claims fall as lay-offs remain low despite economic uncertainty
- Australia’s Surprising Jump in Unemployment Trims Rate-Hike Bets