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- US stocks slipped Friday on concerns that stubborn inflation will drive more rate hikes.
- Fed officials James Bullard and Loretta Mester say more tightening could be needed to bring prices down.
- US treasury yields were higher as traders assessed odds of more rate increases.
US stocks dipped on Friday on interest rate concerns following hawkish comments from Federal Reserve officials on the path of future rate increases.
US treasury yields were up across the curve as traders bet on odds of higher interest rates after this week's Producer Price Index reading came in higher than expected and pointed to stubbornly high inflation.