“For the first time in almost a generation, governments are starting to face resistance from the market when they try to sell long-term debt.” From the Financial Times’ “Big Read” on “The mounting pressure on bond markets.” #economy #markets #debt #bonds @ft

One clear message from today’s US jobs report is that, whatever the average expectations were for Fed rate cuts, they should now be somewhat smaller and somewhat later. Why? Because BOTH May job creation AND wage growth were higher than the consensus forecasts. Specifically, Job

tpr.org/podcast/the-so…

#FedFAQ: What is the FOMC and when does it meet? The Federal Open Market Committee (FOMC) is the monetary policymaking body of the Federal Reserve System. Learn more: federalreserve.gov/faqs/about_128…