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Federal Reserve officials received reassurance this week that inflation remains on a downward — albeit bumpy — path, but policymakers are unlikely to waver from their message that they need more evidence. The Fed’s preferred measure of underlying inflation cooled last month, advancing at the slowest pace this year, government data showed Friday. And on the ...
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The June 3 week focus will be firmly on labor market conditions and how these might affect the upcoming FOMC meeting on June 11-12. The monthly employment report for May is set for release at 8:30 ET on Friday. The change in nonfarm payrolls will be watched carefully to see if it disappoints or not versus market expectations. In April, nonfarm payrolls rose ...