10-year Treasury numbers showed job creation in March easily topped market expectations. The unemployment rate edged lower to 3.8%, as expected. Many market watchers noted that the blockbuster report would be yet another reason for the Fed to take its time. Signs that the U.S. economy is in good shape managed to overcome concerns that the Fed might put off its rate hikes amid inflationary pressures. The fed funds futures market is still pricing in that the U.S.
central bank will start cutting in June
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