Jerome Powell
Federal Reserve Chairman Jerome Powell appears during a Senate Banking Committee hearing on Capitol Hill in Washington, Tuesday, Nov. 30, 2021.
  • US stocks fell as the 10-year bond yield jumped over 11 basis points, nearing 4.7%.
  • Fed officials Michael Barr and Michelle Bowman both sounded hawkish at an event.
  • An Institute for Supply Management report showed manufacturing improved in September. 

US stocks finished mixed Monday as comments from Federal Reserve officials gave investors reason to expect restrictive policy to continue.