[U.S. Job Slowdown Buys Time for the Federal Reserve] Jin10 Data, July 2 – Tim Holland, Chief Investment Officer at Orion Advisor Solutions, stated: "Today, bad news might actually be good news. The U.S. added only 57,000 new jobs in June, far below expectations, as Wall Street had previously forecasted 115,000. Moreover, the last three consecutive employment reports exceeded expectations, but this time the data fell short." "In short, investors have recently been concerned about the economy potentially overheating, which could lead to interest rate hikes. While we never wish for anyone to lose their job, a weak employment report reduces the likelihood of rate hikes and buys time for the Federal Reserve to observe whether recent inflationary pressures are merely temporary."