Here's your summary from Jobs Data Exceeds Expectations | Bloomberg Markets: The Close 06/07/2024 (https://www.youtube.com/watch?v=3dgZ_TU4Da4) on the Bloomberg Television channel:
### TLDR:
The July rate cut is unlikely due to blowout jobs report exceeding expectations, prompting speculation on Fed's rate cut timeline.
### Key Points:
1. U.S. job creation surpasses expectations with 272,000 new nonfarm payroll positions, leading to wage growth and inflation fears.
2. Market reactions show apathy towards smaller caps, decline in stock prices, and significant activity in the treasury market.
3. Experts predict Fed may delay rate cut to September or later, citing strong economic fundamentals and potential impact on equity markets.
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