Weak May jobs growth raises doubts about how much Fed can raise interest rates this year

May’s weak hiring and sluggish wage growth should not deter the Federal Reserve from raising interest rates in June, but it puts any further hikes this year in doubt. There were 138,00 nonfarm payrolls added in May, and average hourly wages rose just 2.5 percent on an annual basis. The unemployment rate fell to 4.3% from

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