FYI: While bond fund investors may be jittery ahead of this year's expected interest rate hikes, many in the financial circles forecast the Federal Reserve's actions to be more cautious or paced than what they've been in the past.
Part of the reason may be that economic data still show mixed results. March's employment report showed that the U.S. created 126,000 nonfarm jobs, according to the U.S. Department of Labor, making it the lowest increase in 15 months. By way of contrast, jobs grew an average of 269,000 a month in the previous 12 months.
In addition, U.S. economic growth is now expected to come in closer to 2% to 2.5% vs. 3%, according to various projections.
Regards,
Ted
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