Jobs numbers came way stronger than expected, and previous two months also got revised up. Strong job numbers + increasing inflation = overheated economy = goo

Jobs numbers came way stronger than expected, and previous two months also got revised up. Strong job numbers + increasing inflation = overheated economy = goodbye interest rate cuts. In fact, there's a significant chance that rates will go up this year. Perhaps even more than once. That means cost of borrowing will increase, which is bad for business growth.