Reported about 10 hours ago
After a surprisingly robust jobs report, President Trump pressured Federal Reserve Chair Jerome Powell to cut interest rates, claiming no reason to wait. However, bond traders reacted by reducing rate-cut expectations, sending yields up significantly, as they interpreted the job growth and manufacturing data as a sign of economic resilience. Analysts predict the Fed will hold rates steady until July or September, despite Trump's increasing attacks on the central bank's leadership and independence.
Source: YAHOO