Robert Pavlik Reserve Quotations

Today was a bit disappointing. The bond market has a flat yield curve and people are still concerned about inflation. We're still left looking for any indication that the Federal Reserve won't raise rates as much as people are fearing.

The market, especially the bond market, will view the report as negative since it will likely mean that we are facing at least two more increases in interest rates by the Federal Reserve at both the March 28 and May 10 meetings.

The market is still feeling good after the Federal Reserve minutes yesterday. Between now and the end of the week, we have a lot of economic data coming out.