Bad News is Good News on Payroll Friday

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All eyes will be on the payroll report on Friday for clues about what it means for the Fed’s next move. Indeed, the payroll report will be the most important US economic data point between now and the Fed’s next meeting at the end of July, so the stakes are high and expectations have been […]

The Bond Market is Not Impressed with the Fed

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On Tuesday of this week we wrote about the four possible scenarios the Fed could adopt in their Wednesday policy decision. In order of most hawkish to most dovish, those scenarios were: Fed does not cut rates and signals that a rate cut may be appropriate later in the year (read the September meeting). Balance […]