U.S. government debt prices were higher Friday morning, as investors awaited a fresh batch of key economic data.
's war powers against Tehran on Thursday, with many lawmakers concerned about the prospect of another escalation following the U.S. killing of Iran's top general Qasem Soleimani last week.
On Wednesday, Trump said Iran appeared to be "standing down," adding that Washington would "immediately impose additional punishing economic sanctions on the state." On the data front, the Department of Labor will release employment figures for December at 8:30 a.m. ET.U.S. nonfarm payrolls to grow by 160,000. That would be a slowdown from November, when the economy added 266,000 jobs with an unemployment rate of 3.5%.
Average hourly wages for December, unemployment rate figures for December and wholesale inventories for November will also be released Friday morning.
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