According to BlockBeats, Federal Reserve official Raphael Bostic stated that the labor market does not show significant weakness, indicating that the risks to the Fed's dual mandate have become more balanced. A weaker job market suggests that some policy easing might be appropriate, although price stability remains a primary concern.
Meanwhile, U.S. Treasury yields continued to decline, with the 10-year yield falling by 4.1 basis points to 4.236%.
