NEW YORK: Positive results from retailers boosted US stocks, which opened higher on Friday after two negative sessions.
Investors were downbeat this week after a series of US Federal Reserve officials all repeated the message that more interest rate hikes are needed to tame high inflation, even if the pace of the moves could slow.
The comments have again fueled fears of a coming recession in the world’s largest economy.
Boston Fed Bank President Susan Collins echoed that message in a…