U.S. nonfarm employment increased by 339,000 in May, the largest increase since January 2023. It is estimated to be 195,000. The previous value of 253,000 was revised to 294,000.

The probability of the Fed keeping interest rates unchanged in June is 72.5%, and the probability of raising interest rates by 25 basis points is 27.5%; the probability of keeping interest rates at the current level by July is 36.6%, and the probability of raising interest rates by 25 basis points cumulatively is 48.9%. The probability of a cumulative 50 basis point interest rate hike is 14.5%.