- The federal reserve's fast rate-hike path worried investors more than strong corporate earnings and China's stimulus plans, which led to a decline in US stock-index futures.
- After the market benchmark registered moderate gains on Tuesday after a rise in retailer stocks, September contracts on the S&P 500 index declined 0.5%. The decline in the Nasdaq 100 futures indicates that the selloff in technology stocks will continue. As investors anticipated the minutes of the Fed's most recent policy meeting for indications of the policy makers' sensitivity to weakening economic data, the dollar and Treasury yields increased.
- US stocks have risen as a result of signals that inflation is at its highest point and an earnings season that saw four out of five businesses meet or outperform predictions. Nevertheless, the prospect of a global recession and ongoing rate hikes are dampening optimism. Meanwhile, there is growing anxiety that Fed rate-setters will continue to prioritize fighting inflation over promoting growth.
