This was a highly anticipated week for economic data, including the Federal Reserve meeting on Wednesday and the monthly employment release this morning. The Federal Reserve acknowledged that inflation is proving to be stickier than expected, and that rates may need to be held higher for longer. They gave no indication that another hike is even being considered, though. The change in non-farm payrolls came in lower than expected this morning, which has been rare lately. The initial reaction has been lower yields. The economic data is lighter next week, although there are several treasury auctions throughout the week.