Jobs Rise, Inflation Stalls Fed’s Rate Cut Hopes

The U.S. job market just hit a strong note, adding 172,000 jobs last month—the third straight month of growth—with March and April even better than first reported. Restaurants, healthcare, and local government led the charge, while inflation and Iran tensions loom large. Wages barely ticked up 3.4% year-over-year, struggling to keep pace with prices. The Fed’s focus is now squarely on inflation, making rate cuts unlikely soon—even as pressure builds. Next week’s inflation report will be key before their June meeting. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/33993853ec1fc2f4