It is interesting that there isn’t a larger reaction in the bond markets given how primed traders were for a hawkish report, not a dovish one. Investors are slightly adding to wagers on Fed cuts this year, but the labor outlook will, of course, be just as important for central bank officials.

2026-04-10

It is interesting that there isn’t a larger reaction in the bond markets given how primed traders were for a hawkish report, not a dovish one. Investors are slightly adding to wagers on Fed cuts this year, but the labor outlook will, of course, be just as important for central bank officials.