The shockingly weak jobs report takes a June rate hike off the table, and the chances of a move at the next meeting in July are also significantly reduced, economists said Friday. “It will not be until the fall before the Fed starts thinking about raising rates again,” said Brian Bethune, an economics professor at Tufts University. Bethune said the job report is a lagging indicator and is reflecting the weak growth in the first quarter. He said the U.S. central bank won’t know much about the resilience of the economy until the September meeting. The U.S. created just 38,000 new jobs in May, well below forecast of an ... (full story)