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  • Yahoo Finance

    US economy adds more jobs than expected in May as unemployment rate ticks higher

    The May jobs report comes as the stock market has hit record highs amid a slew of softer-than-expected economic data, increasing investor confidence that the Federal Reserve could cut interest rates as of September.

  • Reuters

    Fed may wait to cut rates as job market stays strong

    Nonfarm payrolls rose 272,000 in May, compared with the 185,000 expected, and average hourly earnings rose 4.1% from a year ago, outpacing the 3.9% rise that economists had anticipated. After the report, futures contracts that settle to the Fed's policy rate now imply a 53% chance of a rate cut from the current 5.25%-5.5% range by September, compared with about a 70% chance seen before the report. U.S. central bankers have said they plan to wait on rate cuts until they are more confident that inflation is declining toward their 2% goal; if anything, Friday's wage data suggests pressures are pushing prices the other way.

  • PR Newswire

    Boost Resilience, Reshaping Smarter Finance Together

    Huawei HiFS Frontier Forum 2024 commenced in Shenzhen. The forum, with the theme of Boost Resilience, Reshaping Smarter Finance Together, has brought together financial institutions and Huawei partners from around the world. They discussed how they can reshape resilience, agility, and intelligence through continuous technological innovation and ecosystem cooperation in the face of future uncertainties, and ultimately accelerate the digital and intelligent transformation of the financial industry