economy June 8, 2026

Economic & Market Watch

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Our weekly download features both a big-picture economic dashboard and an in-depth intelligence brief covering a single facet of the economy.

In this week's brief: Government Spending and Population Growth.

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In the News

Economy

The U.S. economy added 172,000 jobs in May while the unemployment rate held steady at 4.3%. The stronger-than-expected jobs report has reduced expectations that the Federal Reserve will cut interest rates soon.
As of Monday morning, the federal funds futures market is not only reducing bets on near-term rate cuts, it is now anticipating a rate hike in December.

Markets

West Texas Intermediate crude oil futures traded above $91/barrel Monday morning after rising sharply on concerns that increasing Middle East tensions could further disrupt global energy supplies.
U.S. stock indices rebounded at the start of the week as technology and semiconductor shares recovered from last week’s sell-off. Investors are balancing economic data against the possibility that the Fed may keep interest rates higher for longer.

Current Events

Ahead of new Fed Chair Kevin Warsh’s first Federal Open Market Committee meeting, President Trump said the U.S. should not be “penalized by immediately raising interest rates.”
Iran and Israel exchanged fire multiple times over the weekend, with hostilities continuing into Monday, as President Trump called for an immediate ceasefire.

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CFC's economic research team—John Suter, Sam Kem and Antony Davies—share their expert, yet easily digestible, perspective on what you need to know.

Have feedback about the podcast? A topic you'd like the EMW team to cover? Get in touch at economicresearch@nrucfc.coop.

Source: U.S. Energy Information Administration, Trading Economics