Svmuu News: After three months of steady growth, Bank of America Securities expects nonfarm payrolls to rise significantly by 110,000 in June, driven primarily by moderate initial jobless claims and strong ADP employment data. However, they also see downside risks. The surge in the leisure and hospitality sector in May may have been influenced by the World Cup or Memorial Day. If the latter is the case, June’s employment data could see a slight pullback. They added, “A strong jobs report could make the market lean more toward our previous forecast of three rate hikes in 2026.” (Jin Shi)