First Friday: Fed Rate Hike Coming? Jobs & Housing News

#721: The US economy showed robust job growth in May, adding 172,000 new jobs, exceeding expectations. This suggests a broadening of economic recovery beyond essential services.

Treasury yields have climbed significantly, reflecting investor concerns about inflation.

Inflation remains a significant concern, driven largely by surging energy costs.

And there's good news emerging in prescription drug prices.

We're going to discuss all of this and more in the June 2026 First Friday episode.

Timestamps:

Note: Timestamps will vary on individual listening devices based on dynamic advertising segments. The provided timestamps are approximate and may be several minutes off due to changing ad lengths.

(0:00) May jobs surge

(04:31) Fed rate hike outlook

(06:08) Bond yields and stocks

(11:57) Home prices keep falling

(16:15) Austin housing correction

(17:18) Inflation and energy costs

(21:21) Gas prices hit budgets

(23:05) Consumer sentiment weakens

(28:11) JPMorgan market outlook

(29:14) Mag Seven loses dominance

(33:04) Prescription drug prices drop

(39:24) SpaceX IPO plans and demand

Resources:

• JP Morgan article: https://am.jpmorgan.com/us/en/asset-management/adv/insights/market-insights/guide-to-the-markets
• Free download: Asset Location Made Simple https://affordanything.com/assetlocation

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