The bond market sell-off has cooled as investor attention shifts from the election results to the Federal Reserve’s rate decision this Thursday.

Allspring Global Investments Head of Plus Fixed Income and Senior Portfolio Manager Janet Rilling tells Seana Smith and Brad Smith that while the election results provide more clarity, there’s still a lot of uncertainty, especially in regards to the House of Representatives and broader economic data.

Rilling noted that it’s possible the Fed could implement an additional 100 basis points of rate cuts if the current growth trajectory continues.

“Employment is key here,” Rilling said. “We've had a noisy job report, so getting another one without the strikes and hurricanes I think will be quite helpful to give them more information.”

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This post was written by Cindy Mizaku.