NFP to show fewer job gains in May within a broadly resilient US labor market

The United States (US) Bureau of Labor Statistics (BLS) will release the Nonfarm Payrolls (NFP) data for May on Friday at 12:30 GMT. With Fed policymakers becoming more hawkish as the new Chairman Kevin Warsh takes the helm, investors will scrutinize the underlying details of the employment report to assess whether the Federal Reserve (Fed) will lean toward a tighter policy later in the year. US payrolls are among the most market-moving indicators. Still, this time, with…

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LARRY KUDLOW: Iran doesn’t have a War Powers Act

Not being a lawyer, I don’t know if the House passage yesterday to end the war in Iran is constitutional or not. And if it ever passes the Senate, President Trump will veto it, and he’ll be right to do so.  Here’s what I do know: it’s stupid. It’s also…

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