U.S. Stock Futures Dived on Wednesday

Tiger Newspress2022-06-22

US futures fell along with Asian and Europe equities amid ever-louder warnings that Federal Reserve monetary tightening may lead to an economic downturn. The dollar climbed.

The decline of U.S. stock index futures widened, with Nasdaq 100 index futures down more than 2%, Dow futures down 1.6% and S&P 500 futures down 1.86%.

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Comments

  • CArs
    2022-06-23
    CArs
    Jo
  • PearlynCSY
    2022-06-23
    PearlynCSY
    Fed officials start to embrace the possibility of recession. Policymakers at the Federal Reserve are beginning to entertain the possibility of recession, as high inflation pushes the central bank to raise interest rates at the fastest pace in decades. “It’s certainly a possibility,” Fed Chairman Jerome Powell told the Senate Banking Committee on Wednesday when asked about the chance of a recession. Powell clarified: “It’s not our intended outcome.” The Fed chief's remarks on Wednesday stand in contrast to his commentary from early May, when the Fed chair asserted that, “nothing about [the economy] suggests that it’s close to, or vulnerable to, a recession.” The change in tone underscores seeming concern within the Fed that the cost of lowering inflation may be a drop-off in economic growth
  • Remotecam
    2022-06-22
    Remotecam
    Another day for market movers to accumulate for next cycle hot money harvesting.
  • PearlynCSY
    2022-06-22
    PearlynCSY
    Concerns over a possible recession have weighed on investor sentiment in recent weeks, with analysts divided over its likelihood, timing and scale.The Federal Reserve last week hiked interest rates by 75 basis points, its largest increase since 1994, as it looks to tame inflation running at a 40-year high, but aggressive tightening could mean exerting further downward pressure on growth.Markets are flip-flopping between recession fears and inflation fears.
  • 蒋小鱼
    2022-06-22
    蒋小鱼
    Yesterday up and today sure down. 
  • Cody wong
    2022-06-22
    Cody wong
    Red Sea
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