Donald Luskin writes that a consensus for a June interest rate cut is forming: "In the present expansion, the funds-10 curve inverted in late March. So far, at least Powell has not made the mistake of hiking rates. But he hasn’t cut them. We think he should, and we think he will."
...And the soft May jobs report provides more impetus for a rate cut: "U.S. economy adds a disappointing 75,000 jobs in May."
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