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The consumer price index increased 3.7% in September, potentially dashing market hopes that the Federal Reserve might delay raising interest rates later this month.
President Donald Trump announced the formation of a committee to investigate allegations of mortgage impropriety by Federal Reserve Gov. Lisa Cook in an effort to remove her from office.
The global bond market has been hammered in recent weeks as elevated energy prices fueled concerns about faster inflation and further central-bank rate increases.
Treasuries rose on Friday after the US added fewer jobs than expected in September and unemployment edged higher, pushing the yield on two-year notes lower by as much as 10 basis points to 4.69%.
Federal Reserve Gov. Michael Barr said artificial intelligence has not yet had a material impact on the labor market, but governments and businesses should be prepared nonetheless.
