Powell Juices Bets in Bond Market on Inflation With Tilt to Jobs

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Federal Reserve Chair Jerome Powell’s increasing focus on protecting the job market is encouraging a swath of bond traders putting bets on inflation rates to remain elevated.

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Markets today: Tech lifts stocks with jobs and Powell in focusWall Street traders breathed a sigh of relief, with Jerome Powell once again signaling he expects the Federal Reserve to cut rates this year — even as a strong economy keeps officials on hold for now.
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