- U.S. Inflation will likely stay contained but is at the top end of a price-stability zone and interest-rate policy should aim to move it down, Chicago Federal Reserve President Michael Moskow said on Friday.
- U.S. Employers added only 75,000 new jobs in May, the Labor Department said in a report that signaled slower economic growth and led financial markets to slash bets on further interest-rate increases. Average hourly earnings were up just 0.1%.
- U.S. Factory orders were down 1.8% in April.
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