"Analyzing the Impact of US Jobs Reports on the Economy and Markets"

1 min read
Source: Investor's Business Daily
"Analyzing the Impact of US Jobs Reports on the Economy and Markets"
Photo: Investor's Business Daily
TL;DR Summary

The Federal Reserve's decision to hike interest rates on June 14 may depend on Friday's jobs report. If the report is not much weaker than expected, interest rates are likely to go up. However, higher rates could squeeze the life out of the current S&P 500 rally. Wall Street economists are forecasting that the May jobs report will show that employer payrolls grew by 180,000 as the unemployment rate ticked up to 3.5%.

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