Fed’s Bostic: Labor Market Strong, Risks Balanced

Federal Reserve official Raphael Bostic stated that the labor market remains robust and doesn’t signal weakness, leading to a more balanced assessment of the risks to the Fed’s dual mandate. While a weaker job market might suggest potential for policy easing, price stability is currently the top priority. Treasury yields declined as well, with the 10-year yield dropping by 4.1 basis points to 4.236%.