REUTERS/Brendan McDermid
- US stocks ended slightly higher Friday to close out a losing week.
- Bond yields climbed on the week following the Fed's hawkish signaling Wednesday.
- Policymakers did not adjust interest rates this week, but another hike is on the table before 2024.
US stocks closed lower on Friday to cap off a losing week that saw the Federal Reserve choose to keep interest rates unchanged but maintained a hawkish outlook for the rest of the year.
Major indexes ended their fourth consecutive day in the red Friday. Both oil prices and bond yields surged over the course of the week, with the 10-year Treasury hitting 4.49%, its highest mark since 2007.
The two-year Treasury, meanwhile, also climbed to its highest since 2006.