U.S. stocks declined over the week as high inflation, rising bond yields and geopolitical uncertainty pushed equities lower. The S&P 500 fell 1.5% and the Dow was down 1.8%. Foreign markets were also negative with the FTSE All World Ex US down 1.5% for the week. The 10-year Treasury yield was relatively flat ending the week at 1.93%.
Russia continues its massive military buildup, moving some of its most powerful weapons and best-trained troops around Ukraine.
The U.S. and its allies said they would respond “swiftly and decisively” to any further Russian aggression against Ukraine.
Fed officials discussed an accelerated timetable for raising interest rates, but pushed back against the possibility they would begin with a half-percent increase in March.