Treasury yields rose and the dollar index bounced off a one-year low on Friday after a decline in U.S. retail sales suggested the economy is slowing but not fast enough to stop the Federal Reserve from raising interest rates again in May. Stocks on Wall Street fell and gold pulled back sharply after surging the day before to a more than one-year peak as markets struggle to determine when the Fed might pause its monetary tightening to curb high inflation.
About the Author
