After a strong run since mid-October, the rally in US stock markets has stalled for nearly a week. Doubts that the US Federal Reserve would actually slow the pace of its rate hikes due to slowing inflation also weighed on Thursday. James Bullard, chairman of the St. Louis Regional Federal Reserve, said interest rates would need to continue to rise for the Fed to meet its goal of reducing inflation. Against this backdrop, investors continued to take profits on Wall Street and US Treasury yields rose again in the US bond market.
