How the Fed might react to an unexpectedly strong May jobs report

The newest information from the Labor Department reveals the U.S. added 272,000 jobs in May. The determine was a lot greater than economists anticipated, indicating that the market just isn’t slowing down. CBS News senior enterprise and expertise correspondent Jo Ling Kent explains what the report means for the Fed’s combat towards inflation.

CBS News Streaming Network is the premier 24/7 anchored streaming information service from CBS News and Stations, accessible free to everybody with entry to the Internet. The CBS News Streaming Network is your vacation spot for breaking information, stay occasions and authentic reporting domestically, nationally and across the globe. Launched in November 2014 as CBSN, the CBS News Streaming Network is offered stay in 91 international locations and on 30 digital platforms and apps, in addition to on CBSNews.com and Paramount+.

Subscribe to the CBS News YouTube channel: https://youtube.com/cbsnews
Watch CBS News: https://cbsnews.com/live/
Download the CBS News app: https://cbsnews.com/mobile/
Follow CBS News on Instagram: https://instagram.com/cbsnews/
Like CBS News on Facebook: https://facebook.com/cbsnews
Follow CBS News on Twitter: https://twitter.com/cbsnews
Subscribe to our newsletters: https://cbsnews.com/newsletters/
Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h

For video licensing inquiries, contact: [email protected]