News

Hassett, director of the White House National Economic Council: The Federal Reserve should not raise interest rates and will have room to cut interest rates. The Fed has been lagging behind the curve and still has plenty of room to cut interest rates.

According to the Wall Street Journal: The leisure and hotel industry in the United States added 70,000 jobs in May, of which recruitment related to the World Cup activities may be one of the driving factors.

The spread between the U.S. 2-year and 10-year Treasury yield curves reached 38.5 basis points, the flattest level since March.

SEC: Penalties will be allocated to harmed investors to the extent practicable.

SEC: Franklin’s Western Asset Management Company (WAMCO) will pay a $100 million civil penalty. WAMCO failed to prevent the relevant actions of its former co-chief investment officer. WAMCO will be responsible for managing the equity fund.

The market is now fully pricing in a 25 basis point rate hike by the Federal Reserve before the end of the year.

According to Al Jazeera, citing the Lebanese National News Agency, Lebanese Speaker Berri has rejected the Israeli-Lebanese ceasefire agreement brokered by the United States.

S&P 500 futures and Nasdaq 100 futures fell to session lows.

The market is currently pricing in the Federal Reserve raising interest rates before the end of January next year, and the expected time point before the non-farm payrolls announcement is before the end of March next year.

After the release of employment data in the United States and Canada, Canada's 2-year Treasury bond yield rose 9.1 basis points to 2.903%.

U.S. interest rate futures show that the market is still pricing in the Federal Reserve keeping interest rates unchanged at its June monetary policy meeting.

The yield on German 2-year government bonds rose slightly after the release of U.S. non-farm payroll data and was now up 2 basis points at 2.68%.

After the release of non-agricultural data, the market priced in further tightening of monetary policy by the Federal Reserve.

U.S. Bureau of Labor Statistics: The unemployment rate remained at 4.3%, having remained within a narrow range of 4.3% to 4.5% since July 2025. The total number of unemployed people is 7.3 million.

U.S. Bureau of Labor Statistics: Employment growth was concentrated in leisure and restaurants, local government, and health care industries, while employment declined in financial activities.

The U.S. employment participation rate in May was 61.8%, which was expected to be 61.8% and the previous value was 61.80%.

The U.S. unemployment rate in May was 8.1%, down from 8.20% in the previous month.

The U.S. unemployment rate in May was 4.3%, expected to be 4.30%, and the previous value was 4.30%.

The average weekly working hours in the United States in May were 34.3, in line with expectations and the previous value of 34.3.

The seasonally adjusted non-farm payroll employment in the United States in May was 172,000, compared with expectations of 85,000. The previous value was revised from 115,000 to 179,000.