Us wage growth slows. Fed's incentive to raise interest rates in June is cut by another point.

FAP, June 3 (Xinhua)-- although the May US non-farm payrolls report shows that hiring continues to increase, signs of a slowdown in wage growth may prompt the Fed to keep interest rates unchanged this month while considering raising interest rates later in the summer. "We stick to our baseline forecast that the Fed will keep monetary policy unchanged at the upcoming meeting," said Rubeela Farooqi, chief US economist at High Frequency Economics. Stephen Stanley, chief US economist for US capital markets in Santander, also said: "still believe that the Fed will hold back in June, as to whether to raise interest rates in July or September will mainly depend on inflation data, and the continued strength of the labor market will certainly affect the need for further policy tightening."