Bumper US non-farm payrolls in May confirm Fed rate cuts are off the table
Job gains were twice what was expected in May and unemployment rate was unchanged
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Why it mattersA U.S.-brokered ceasefire between Israel and Lebanon collapses at the rejection stage, leaving regional tensions unresolved and raising questions about prospects for de-escalation in the Middle East.
The United States announced the ceasefire agreement on Wednesday night following a fresh round of talks.
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