US Federal Reserve Board Chairman Jerome Powell.Anna Moneymaker/Getty ImagesBonds have sold off as traders reassess the path of Fed Reserve rate cuts.Strong economic data and the potential for a Trump win have pushed interest rates higher.The Fed may keep rates unchanged next month, and the October jobs report is a key indicator to watch.The bond market is in sell-off mode as traders reassess the path of interest rate cuts from the Federal Reserve.Strong economic data in recent weeks and the potential for a Donald Trump victory in November have helped push bond yields higher and prices lower, with traders adjusting their outlooks after pricing in aggressive rate cuts following the Fed's big 50 basis point move last month.