09/06/2026
Strong US jobs data could drive rate hikes
The US economy added 172,000 jobs in May, almost twice what was expected. Together with the effects of higher energy costs, some analysts now expect the US central bank, the Federal Reserve (Fed), to raise interest rates this year.
The US economy added 172,000 jobs in May, almost twice what was expected. Together with the effects of higher energy costs, some analysts now expect the US central bank, the Federal Reserve (Fed), to raise interest rates this year. Hetal Mehta, SJP’s chief economist noted that “there has been qu...