Updated Oct 20, 2023, 5:33 am EDT / Original Oct 20, 2023, 4:39 am EDT
Stock futures declined Friday and bond yields eased after the yield on the 10-year Treasury approached 5% Thursday following comments from Federal Reserve Chairman Powell that suggested the central bank would hold short-term interest rates steady at its next meeting but that a stronger economy could lead to higher-for-longer interest rates. Oil prices crossed $90 a barrel on concerns of an escalation in the Israel-Hamas war.
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