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BND - The Fed Will Not Find Enough Reasons To Lower Rates
Vanguard Total Bond Market ETF
Friday's strong jobs report (see graph below) only anticipated what was starting to seem inevitable. Despite aggressive expectations regarding imminent interest rate cuts - last week's market consensus was a 77-bp reduction in the Fed funds rate by the end of the year - it looks like the Federal Reserve will have a hard time finding reasons to implement monetary easing in July.
Credit: Yahoo Finance
This is not to say that recent macroeconomic data has been strong. Declining home sales have been pinpointed by the St. Louis Fed as a possible indication of a