Bloomberg – US stocks fell to session lows, and Treasuries rose afterwards The United Kingdom has asked its citizens in Ukraine to leave the country, raising concerns about long-running tensions with Russia.
The S&P 500 fell 1.7% and the Nasdaq 100 fell more than 2%, after sharp declines on Thursday amid bets that the Federal Reserve will tighten faster. Treasuries benefited from the offers, with the 10-year yield dropping 3 basis points to 1.97%. Oil soared, with Brent crude hitting $95 a barrel for the first time since 2014.
Bonds and stocks were hit Thursday by the sudden rise in US inflation last month, which prompted the comments. extremist From St. Louis Fed President James Bullard, who said he supports raising interest rates by 1 percentage point by early July, and may consider moving between scheduled policy reviews. However, other Fed officials are in no rush to raise rates before their meeting next month, and a 50 basis point move in March does not seem likely.
Fed does not endorse after half-point hike or emergency move
Inflation fears weighed on consumer confidence in the US, which fell back to a decade low in early February as sentiment over personal finances deteriorated. The University of Michigan confidence index fell to 61.7, the lowest since October 2011, from 67.2 in January.. Consumers expect an inflation rate of 5% next year, up from last month’s reading of 4.9% and the highest since 2008.
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