Take encouragement from recent job growth, but not hard to imagine possible job losses due to AINervous about the tails on both sides of the mandateEmployers outside of software are not yet reducing headcount due to AILonger-term bond-market-based inflation expectations do not look like it has broken outNot leaning towards overly focusing on risks to inflation or employmentDo not feel like today is a time for strong forward guidanceHard to reach conclusions on short- vs long-term effects of AIBond yields are still in a reasonable zoneI wonder if balance between supply and demand in long-term Treasury market has shifted given amount of US supply.Businesses today are much less confident about their ability to raise consumer prices to recoup costsTalked to Warsh on Tuesday but just to get acquainted; trust him as a leaderHe's not adding anything substantial to his earlier comments here. He's just a passive observer at the moment, waiting for more economic data and for further developments on the US-Iran front.The Fed will likely need the reopening of the Strait of Hormuz before the June meeting to avoid sounding too hawkish. Interest rates expectations have been driven mainly by US-Iran headlines and that's unlikely to change anytime soon. In fact, we saw a slightly dovish repricing following the reports of US and Iran reaching a draft agreement with the mediation of Pakistan to reopen the Strait. That has triggered a rally in stocks, a selloff in oil and weakness in the US dollar and Treasury yields. This article was written by Giuseppe Dellamotta at investinglive.com.