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GBF - The Latest Jobs Report May Be A Bullish Sign For Bonds
iShares Government/Credit Bond
It is somewhat hard to believe that it is once again the first Friday of the month. This means that it is time for yet another jobs report from the Bureau of Labor Statistics. In this case, the report was rather disappointing as job creation numbers greatly missed the expectations of analysts and average hourly earnings also declined. This report likely increases the chances that the Federal Reserve will cut rates at its next meeting (or perhaps the one in September). This strengthens the argument to have some money invested in fixed income, which I