Jobs Report: Payrolls, AHE Both Miss, Unemployment Rate Ticks Lower

Ok, here comes the job report. I assume you already know what's at stake here, but just in case, you're reminded that it comes less than 48 hours after the May Fed statement which, pedantic debate aside, generally reinforced the prevailing narrative about inflation gradually returning to target (technically it's on target) and the committee remaining committed to the rate path. Today's report also comes on the heels of PCE (alluded to above) that's now met the Fed's objective and last week's E