iShares 7-10 Year Treasury Bond ETF (IEF)

Data from Freddie Mac shows that the average rate for a 30-year fixed-rate mortgage was 6.35% as of Friday, down from 6.5% last week.

The annual adjustment by the BLS revealed a downward revision of 0.6% in total nonfarm employment, which is higher than the 0.2% average over the past decade.

The Fed controls the short end; markets set the long end. Read the yield curve’s 2025 message and how to translate it into trade decisions.

According to a report by CNBC, BofA economist Claudio Irigoyen said in a recent note that there is a supply-driven slowdown in the labor market and that inflation remains above the central bank’s 2% target.

Musalem said that the Federal Reserve’s monetary policy is in the right place at the moment, given the current labor market and inflation data.

In an interview with CNBC, Ferguson also noted that there is ambiguity around the legality of President Trump's firing of a Federal Reserve governor.