Hot U.S. jobs data tempers June Fed rate cut bets

NEW YORK/LONDON (Reuters) -Stocks on Wall Street rallied as the dollar and bond yields rose on Friday, after another blowout U.S. jobs report suggested the Federal Reserve may delay cutting interest rates as it awaits further data on whether inflation continues to moderate. U.S. employers hired far more workers than expected in March and raised wages at a steady clip, the Labor Department said in a labor market report for March that showed the U.S. economy outshining its global peers. Nonfarm payrolls rose by 303,000 jobs, the unemployment rate fell to 3.8% from 3.9% the prior month and the economy added 22,000 more jobs than previously estimated in January and February. Economists polled by Reuters had forecast 200,000 job gains…