U.S. Treasury yields rose on Friday as investors awaited key labor market data and assessed the outlook for the economy, and especially the financial sector.
Investors also continued to consider what could be next for Federal Reserve policy. The central bank had announced aDespite Fed Chairman Jerome Powell suggesting that it was, investors considered whether the central bank would have to do so later in the year as recession fears spread. Powell also reiterated that any further policy decisions would be data-dependent.
Several key data points that could inform the Fed's next moves are expected Friday. That includes April's nonfarms payroll, unemployment and wage growth figures, which will reflect whether there has been any easing of the labor market. Economists surveyed by Dow Jones are expecting the report to show that 180,000 jobs have been added and the unemployment rate to have risen to 3.6%. That comes after
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