00:00The U.S. economy added roughly 172,000 jobs in May, far exceeding many forecasts.
00:06The stronger-than-expected labor market suggests economic activity remains resilient,
00:12despite higher interest rates.
00:13Investors quickly reassessed expectations for Federal Reserve policy,
00:18reducing hopes for near-term rate cuts.
00:21Treasury yields rose while stock markets reacted cautiously
00:24to the prospect of tighter monetary conditions lasting longer.
00:28Economists say the report reinforces the view that inflation and employment
00:32remain the key drivers of financial markets.
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