heres a roundup of wall street reactions to the report which is expected to inform the federal reserves interestrate decision at its meeting later this month  jamie cox managing partner harris financial group for now the labor market isnt giving anyone any pause gurpreet gill macro strategist fixed income and liquidity solutions goldman sachs asset management the uptick in the unemployment rate and moderation in wage growth together signify progress in rebalancing the labor market this is required to bring inflation back towards target we continue to expect a pause in fed actions going into 2024 but further signs of economic and inflation resilience mean there is still potential for another rate hike this summer seema shah chief global strategist principal asset management another rate hike is in the bag may’s blow out jobs report combined with an upward revision to april means that the fed’s job is not yet done the key question now is can they wait until july or does this monster payrolls number trigger another burst of urgency in the fomc ronald temple chief market strategist lazard between 339000 in may and upward revisions in the prior two months members of the fed must be questioning how the economy can remain so resilient in the face of 500 basis points of tightening while the logic supporting a june pause remains strong this report suggests another hike might be warranted” chris zaccarelli chief investment officer independent advisor alliance it’s now a tough call for this month’s meeting as the fed knows they have raised rates a large amount in a short period of time caused a couple of mismanaged banks to fail and would like to leave rates on hold at their next meeting on the other hand the stock market seems unstoppable the job market is very strong and inflation is down from the highs but doesn’t appear to be on a sustainable path to their 2 target