Rate expectations

Reuters Morning Bid · Feb 12, 2026 · 7m

January’s blockbuster jobs report shattered the weak labor narrative and pushed expected Fed cuts further out. Add a CBO outlook with deeper deficits and higher‑for‑longer yields, and the path to 2026 rate cuts looks even murkier.

Today’s recommended read: Trump rate hopes and CBO budget math don't chime, by Mike Dolan

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