US equity indexes rose this week as investors weighed the Trump administration's global punitive tariffs policy, and Federal Reserve Chair Jerome Powell reiterated there's no hurry to lower interest rates.

* The S&P 500 rose to 6,114.63 on Friday from 6,025.99 a week earlier, and the Nasdaq Composite climbed to 20,026.77 from 19,523.40. The Dow Jones Industrial Average gained to 44,546.08 from 44,303.40.

* President Donald Trump ordered officials to develop custom tariffs for imports from all US trading partners and report their recommendations for imposing reciprocal tariffs. Commerce Secretary Howard Lutnick said a study would be complete by April 1, though the delay is seen as an opportunity to negotiate new trade deals. Trump also unveiled a 25% tariff on all steel and aluminum imports into the US.

* January's stronger-than-expected producer price inflation data followed hotter-than-anticipated consumer price inflation.

* The strong CPI inflation print "boxes in" Trump with the Fed "threatening to raise rates if tariffs raise inflation," Macquarie said. "The message that traders are getting is that 'concessions and compromise' - instead of tariffs - may be the norm."

* Fed Chair Jerome Powell in Congressional testimony confirmed the central bank is likely to slow interest-rate cuts this year. The highest probability is for the Fed to extend its policy pause over the next three meetings, according to the FedWatch Tool.

* Quarterly earnings continued to pour in with the shares of CVS Health (CVS), Gilead Sciences (GILD) and Coca-Cola (KO) posting weekly gains.