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Bonds Rally as Weak Jobs Report Dims Fed Rate-Hike Expectations
Bonds rallied following a weak jobs report that reduced expectations for a Federal Reserve rate hike. The decline in rate-hike forecasts was driven by the disappointing employment data.
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Adjacent reporting
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- Treasuries Drop as Jobs Data, Iran Tensions Fuel Rate Hike Bets
- Stocks slump as Big Tech sinks and a strong May jobs report boosts odds for higher interest rates
- Markets fall, as good jobs data indicate no interest rate cuts
- U.S. job growth blows past forecasts, setting stage for Fed rate hikes
- Strong jobs data complicates Warsh’s path to lower rates