by Greg Robb
The Federal Reserve is back in the game. That’s the simple message from the surprisingly strong June jobs report, economists said.
“The report does increase modestly Fed tightening odds in coming months, but not to an extreme extent,” said Dean Maki, chief economist for Point72 Asset Management.
“This report should ease some of the fears weighing on some FOMC members that May could reflect the start of a sustained slowdown,” Maki said.
The economy added 287,000 new jobs in June, much stronger than expected and up from a paltry 11,000 jobs added in May.