U.S. Treasury yields were higher on Friday as investors awaited the all-important October jobs report and digested key economic data released during the week.
U.S. Treasury yields were higher on Friday as investors awaited the all-important October jobs report and digested key economic data released throughout the week.Sign up for NBC LA's News Headlines newsletter.
The index rose 2.1% in September on an annual basis and 0.2% from the previous month. Both of those readings were in line with expectations of economists polled by Dow Jones. The PCE was the last key inflation insight due to be published before the Fed makes its next interest rate decision on Nov. 7. LSEG data showed that markets were last widely pricing in a 25-basis-point rate cut from the central bank then.is set to be published Friday. It is also some of the last key economic data before the U.S. election next week.Economists polled by Dow Jones are expecting nonfarm payrolls to have increased by 100,000 which would be the smallest rise in almost four years.
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