Treasury yields pull back Friday as investors monitor developments in the Russia-Ukraine war and continued to digest the Federal Reserve's decision earlier...
Treasury yields pulled back Friday as investors monitored developments in the Russia-Ukraine war and continued to digest the Federal Reserve’s decision earlier this week to deliver a widely expected interest rate increase and pencil in a series of hikes.
The Kremlin on Friday said Russian President Vladimir Putin told German Chancellor Olaf Scholz, in a phone call, that Ukraine was stalling talks with “unrealistic proposals,” news reports said. Meanwhile, world leaders are pushing for an investigation of Russia’s repeated attacks on civilian targets, including airstrikes on schools, hospitals and residential areas.
St. Louis Fed President James Bullard released a statement Friday morning explaining his dissent from the Fed’s Wednesday decision, in which he called for a half-point rate increase. Bullard said the Fed should aim to lift its policy rate above 3% this year.
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