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U.S. Added 272K Jobs in May, Blowing Past Estimates; Bitcoin Pulls Back From 2-Month High

Recent soft economic and inflation data combined with rate cuts this week in Europe and Canada had investors rethinking expectations about Fed policy.

Updated Jun 7, 2024, 6:23 p.m. Published Jun 7, 2024, 12:37 p.m.
The government employment report for May was released Friday morning (David McNew/Getty Images)
The government employment report for May was released Friday morning (David McNew/Getty Images)