U.S. Treasury yields dipped on Friday morning, as investors monitored negotiations between Russia and Ukraine.
Olu-Pitan added that looking beyond the Fed's statements to their intended policy plans, the U.S. central bank had made it"quite clear that every meeting is live and they will be raising interest rates."
"The path of least resistance is higher interest rates to combat inflation, therefore we really need to see a material decline in demand or growth to stop the Fed from raising rates," she said. The Bank of England announced on Thursday that it would be raising rates for a third consecutive meeting.On the data front, the number of existing home sales made in February is slated for release at 10 a.m. ET.CNBC's Chloe Taylor contributed to this market report.
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