Washington | The weak US May jobs report pushes the Federal Reserve closer to cutting interest rates, though maybe not all the way just yet.
While a reduction when policy makers meets later this month can't be ruled out, Fed watchers said their base case is for the central bank to stand pat. But they said the abrupt slowdown in payrolls growth last month -- against the backdrop of President Donald Trump's escalating dispute with major US trading partners -- does increase odds the central bank will cut rates perhaps as soon as July.
