The yield has risen 73.6 basis points over the past seven weeks, according to Dow Jones Market Data. On Friday, traders were considering whether the U.S. is moving into a period of higher-for-even-longer interest rates, fueled by continued economic strength and potential inflationary pressures.

Indexes slipped as traders zeroed in on remarks from Fed Chair Jerome Powell, who said the central bank is in no hurry to cut rates amid a strong economy.

Jerome Powell's hawkish comments are casting a pall on markets as the initial optimism for Donald Trump's policies starts to wear off.

Stocks finished lower on Thursday, with another afternoon selloff tied to a jump in Treasury bond yields, this time linked to hawkish comments from Fed Chair Jerome Powell. Speaki

European equities and US futures fell after Jerome Powell indicated the Federal Reserve was in no rush to cut interest rates.Most Read from BloombergUnder Trump, Prepare for New US Transportation PrioritiesZimbabwe City of 700,

October retail sales loom after in-line inflation data and Jerome Powell's comments casting doubt on Fed rate cuts. S&P 500 futures fell.

The inflation rate in France increased to 1.20% in October from 1.1% in September. The GDP in the UK expanded 0.1% on quarter in the third quarter. The pan-European Stoxx 600 (STOXX) ticked 0.6% lower on Friday as market participants digested fresh economic data and the future path