The employment market in the U.S. remained strong in May with the government reporting the addition of 272,000 jobs, far past estimates for just 185,000 and well ahead of April's 165,000...
Wage data from this morning's report shows average hourly earnings rising 0.4% in May versus forecasts for 0.3% and April's 0.2%...
After rising through the first part of 2024, interest rates have been on a downtrend over about the last five weeks as some recent U.S. economic data had pointed to a slowdown in both economic growth and inflation...
The move down in rates has been a boon for risk assets, with the major U.S. stock market averages surging to record highs and the price of bitcoin rising from about the $60,000 level to within close range of its record high just above $73,500...
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