(Reuters) - The latest snapshot of the economy was unequivocally negative for bonds, with everything from consumer spending and inflation to manufacturing and construction showing unexpected signs of strength.
"Suddenly we've gone from this bias of pessimism to one where we don't see any justification for the Fed to ease," said Jeoff Hall, chief North American economist Thomson IFR. "It's like we fell asleep and woke up in a different universe."
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