Wall Street equity indexes finished lower on Friday on 2022’s last trading day, while Treasury yields rose along with oil futures as investors braced for the new year with worries about a potential recession and the U.S. Federal Reserve rate hiking path. In currencies, the dollar, a beneficiary of rising U.S. interest rates, fell on the day but was on track for a 2022 gain of roughly 8%, its biggest annual increase since 2015.
About the Author
