• Jobs: +172,000 in May, unemployment steady at 4.3%
• Inflation: Traders bet on hottest CPI in years this week
• Fed Policy: Rate-hike odds rising; cuts now eyed for 2027
• Treasuries: Yields climbing on tighter-for-longer bets

The Checkup

Strong May payrolls have flipped the script on Wall Street’s Fed outlook. What looked like a soft landing just weeks ago now carries fresh rate-hike chatter. Kevin Hassett, Trump’s top economic adviser, called the labor...