JUST THE FACTS

A week heavy on Treasury yield volatility and economic reports closed with gains Friday thanks to the new jobs report. All three major indices rose on the day, but only the Nasdaq managed a weekly win.

The labor market encountered a difficult patch of road in September according to the new jobs report. Hirings would come in well below the expectations, while the unemployment rate warmed up slightly.

The pace of price hikes in August wasn't as heated as economists were expecting. While the Fed's preferred inflation gauge remains well above the target, this PCE's easing did bring the markets some relief.

Now that updates to the jobs report and PCE are public, the markets' thinking on the Fed and rates is firming up. The odds for an October hike have fizzled out, but a December increase still appears likely.

New developments in the war with Iran, both in the Middle East and back here at home, continue to come out rapidly. For the latest on the hostilities and efforts to reach a deal, updates can be found here.

In the week ahead, the Fed will remain a headliner with consumers also stepping back into the spotlight. The Fed meeting minutes from last month's rate hike, and a new sentiment survey are both on tap.