TechFlame News, citing Jinshi, reports that "Fed Whisperer" Nick Timiraos stated that the spring hiring activity has picked up pace again, providing more ammunition for Federal Reserve officials who are concerned about inflation and believe current interest rates are too low. He noted that while this employment report will not completely settle the debate over a rate hike by the Fed later this year, it does indicate that the case for a rate cut in the near term has largely evaporated.