Will a Strong Jobs Report Impact Fed Policy?

In reaction to a very strong Jobs Report that showed the unemployment rate of 6.1%-- the lowest rate since Sept 2008-- let's notice that the e-SPU is spinning its wheels as it circles unchanged, while 10-YEAR YIELD has spiked from 2.61% to 2.69%, which has hurdled the prior rally peak at 2.66% just prior to the June 18 FOMC policy statement downplaying positive eco influences on the US economy.

What exactly Yellen and Co will say (or do) in reaction to today's stronger-than-expected Jobs Report will be interesting indeed.

Will Yellen continue to downplay recent optimistic data points, or will she bend a bit, suggesting that the Fed needs to play catch-up to the markets?

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