U.S. hiring slowed in June and data from previous months were also revised down, strengthening the likelihood that the Federal Reserve will initiate a rate cut in the coming months. Data released by the Bureau of Labor Statistics on Friday showed that non-farm payrolls rose by 206,000 last month, compared with a 111,000 downward revision in the previous two months. Economists surveyed predicted a median increase of 190,000. The unemployment rate rose to 4.1 percent and average hourly wage growth also cooled.