Bloomberg Economics'Anna Wong said the April jobs report doesn't change their forecast as to the "trajectory" of the benchmark Federal Funds Rate. And as I reported , bond traders are rapidly reshaping their outlook on U.S. monetary policy , increasing bets that the Fed could raise interest rates before cutting them as persistent inflation risks and geopolitical tensions upend dovish expectations. Traders are currently pricing in the next interest-rate cut for mid-to-late 2027, according to the CME FedWatch ...