Five Down Days While Treasuries Climb | Wall Street Today

Indexes closed  a little higher but trended downward for the fifth session in a row. U.S. Treasury yields climbed for a second day, finishing at nearly at 5%.

Around noon, Fed's Bostic spoke and said U.S. inflation is still to high, but he was comfortable to wait on moving rates. He said he did not see recession on the horizon.

This morning saw weekly initial jobless claims stay at the same level as last week, at about 212k. Federal reserve New York President John Williams spoke in the morning and said interest rates were in a "good place," and there was no rush to lower them.

He said raising them would not be his next choice either, but rather keep them in place, and eventually they must come down. The comments come after a myriad of Fed commentary, including the official Beige Book of economic qualitative data from the Feds twelve districts.

Fed's Powel Tuesday warned rates would have to stay in place for longer until the Fed was sure of the results.