U.S. Treasury yields were slightly higher on Friday as investors awaited key labor market data that could provide hints about the state of the economy.
Yields and prices move in opposite directions. One basis point is equivalent to 0.01%.
Investors looked ahead to the April jobs report, which investors will be scanning for clues about whether the labor market is easing or remaining resilient.Economists surveyed by Dow Jones are anticipating that nonfarm payrolls rose by 240,000 in April, which would be a slowdown from the 303,000 jobs that were added in March. Average hourly wages are expected to have increased 4% year over year., which was published Wednesday, came in above expectations.
Uncertainty about how many rate cuts, if any, will take place this year and when they might begin has grown in recent weeks, with many investors now expecting fewer cuts and not until later in the year.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2024 Stagecoach kicks off in Indio. Here's what to knowStagecoach takes place Friday, April 26 through Sunday, April 28 in Indio.
Read more »
Longtime BalletMet dancer retires with 'Romeo and Juliet'BalletMet's 'Romeo and Juliet' runs five shows from Friday, April 26 through Sunday, April 28.
Read more »
WATCH: Opening day of NIOSA 2024NIOSA, or Night In Old San Antonio, runs from Tuesday, April 23 to Friday, April 26.
Read more »
Here's what to expect from the April jobs report on FridayThe Bureau of Labor Statistics report drops at 8:30 a.m. ET.
Read more »
Against April’s showery image, Friday was another dry dayFriday in D.C. had sunshine, comfortable temperatures, low humidity
Read more »
Your SoCal Weather Report For Friday, April 26: Windy Conditions ContinueGillian Morán Pérez is an assistant producer for LAist 89.3.
Read more »