AT&T Nokia expand 5G lab work across multiple sites
AT T and Nokia broaden 5G lab trials in Middletown New Jersey Atlanta and San Ramon California building toward speeds of at least 10 gigabits per second this year Verizon pursues similar goals. The commerce notes a tech race before US 5G commercial viability around 2020.
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Wall Street regroup after jobs curve ball
Wall Street questions the Fed’s timing after a dismal May jobs report of 38 000, signaling possible June rate hike delays. Traders await Fed Chair Janet Yellen speech for clues on future moves, with July or September hikes debated and Brexit risk watched closely. The data shift tempers expectations and underscores data dependence before any rate change.
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Labor market cools with slow May job gains
U S labor market shows a middling May with 38 000 new jobs and revisions trimming prior gains by 59 000. Economists attribute the slowdown to temporary factors weather strikes market volatility and political uncertainty while noting tighter labor supply and skills mismatches. Prospects point to modest rebound later in 2016 with analysts forecasting 150 000 to 175 000 monthly gains.
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Economic Outlook Group
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Bank of the West
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