Nasdaq Futures Fell Over 1%, S&P 500 Futures Were Down 0.63%
Tiger Newspress2022-04-11
Nasdaq futures fell over 1%, S&P 500 futures were down 0.63%, Dow futures were down 0.35%.
U.S. futures declined, pointing to more challenges for global shares after the Federal Reserve last week signaled sharp interest-rate hikes and balance-sheet reduction to curb price pressures.
Market sentiment continues to be shaped by a hawkish Fed, commodity-market disruptions caused by the prospect of an economic slowdown.
WTI and Brent crude futures were all down more than 2%.
The Federal Reserve is expected to deliver two back-to-back half-point interest rate hikes in May and June to tackle runaway inflation, according to economists polled by Reuters who also say the probability of a recession next year is 40%.
With the unemployment rate near a record low, inflation the highest in four decades and a surge in global commodity prices set to persist, most analysts say the Fed needs to move quickly to keep price pressures under control.
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