Stock futures were sliding Friday, while the Mideast pushed oil prices higher and bond yields pulled back from record highs
Brent crude was up 1.24% to $93.53 a barrel, while West Texas Crude climbed 1.49% to $90.70, sparked by the Israel-Hamas war. Israel continues to signal they are moving toward a ground invasion of the Gaza Strip. Powell remarks, which included a nod to softer inflation data set against the resilient domestic economy, suggest a further indication of the Fed's"wait and see" stance on near-term rate hikes, following a series of data releases showing stronger-than-expected retail sales, a resilient job market and above-trend economic growth.
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