What a Downer

(WASHINGTON) — An unexpectedly bleak May jobs report has suddenly muddied the outlook for the U.S. economy.

Until this week, the Federal Reserve had seemed poised to raise interest rates perhaps as soon as June 15 — a sign of confidence that the economy was strengthening after struggling just to grow early this year.

Any such certainty vanished at 8:30 a.m. Eastern time Friday.