It looks like the Fed will not be lowering rates in June or July, based on today's guidance from Nick Timiraos, who is the Fed's 'unofficial mouthpiece' at the WSJ. The Fed routinely provides guidance through Timiraos, and today's article sounds pretty definitive that we shouldn't expect a rate cut until Sept at the earliest.
This could explain some of the bond market's big selloff today, since rates aren't coming down anytime soon, although the news didn't seem to bother the stock market -
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