The May jobs report came in stronger than expected, reinforcing a reassessment of the interest-rate path and pressuring tech stocks. Martha Gimbel of the Yale Budget Lab said she sees no major AI impact showing up in the economic data. The piece is primarily interpretive, but it highlights a modest market repricing around rates and AI expectations.
The May jobs report came in stronger than expected, reinforcing a reassessment of the interest-rate path and pressuring tech stocks. Martha Gimbel of the Yale Budget Lab said she sees no major AI impact showing up in the economic data. The piece is primarily interpretive, but it highlights a modest market repricing around rates and AI expectations.
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