{"id":1953885,"date":"2023-06-22T07:40:02","date_gmt":"2023-06-22T11:40:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-inch-lower-after-powell-hints-at-more-rate-hikes\/"},"modified":"2023-06-22T07:41:55","modified_gmt":"2023-06-22T11:41:55","slug":"futures-inch-lower-after-powell-hints-at-more-rate-hikes","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-inch-lower-after-powell-hints-at-more-rate-hikes\/","title":{"rendered":"Stock futures decline as Powell suggests additional interest rate increases."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ffutures-inch-lower-after-powell-hints-at-more-rate-hikes%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1953885&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>(Reuters) \u2013 U.S. <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-fall-as-fed-signals-more-rate-hikes\/\" title=\"Stock futures decline as Federal Reserve indicates additional interest rate increases.\">stock index futures edged lower<\/a> on Thursday, a day after Federal Reserve Chair Jerome Powell stuck to his hawkish stance on interest rate hikes, while investors looked ahead to his second day of testimony before a Senate committee. <\/p>\n<p>In his remarks to lawmakers in Washington on Wednesday, Powell said the outlook for further rate increases are \u201ca pretty good guess\u201d of where the central bank is heading if the economy continues in its current direction.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<div class=\"ad-slot__ad-label\">Advertisement<\/div>\n<\/p>\n<p>Financial markets, however, are still pricing in a 25-basis-point rate increase in July and no further hikes after that, according to CME FedWatch tool.<\/p>\n<p>In the previous session, shares of megacap companies came under pressure and led the declines in U.S. stocks for the third straight day after Powell reinforced the Fed\u2019s inflation objective.<\/p>\n<p>Ahead of his second day of testimony before the U.S. Senate Banking Committee at 10 a.m. ET (1400 GMT), yields on the 2-year and 10-year Treasury notes ticked higher. [US\/]\n<p>Investors will also keep an eye on <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/labor-dept-reports-30000-more-jobless-claims-than-expected\/\" title=\"Labor Dept Reports 30,000 More Jobless Claims Than Expected\">initial jobless claims<\/a> for week ended June 17 and <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/futures-inch-lower-after-powell-hints-at-more-rate-hikes\/\" title=\"Stock futures decline as Powell suggests additional interest rate increases.\">housing sales data due<\/a> later in the day, while also awaiting comments from three Fed policymakers due to speak after the markets open. <\/p>\n<p>At 5:37 a.m. ET, Dow e-minis were down 58 points, or 0.17%, S&#038;P 500 e-minis were down 8.75 points, or 0.2%, and Nasdaq 100 e-minis were down 35 points, or 0.23%.<\/p>\n<p>With the exception of Micrsoft, all major technology and growth companies declined between 0.2% and 2% in premarket trading.<\/p>\n<p>Spirit AeroSystems fell 8.9% and planemaker Boeing slipped 1.3% in premarket trading as the parts supplier said it will suspend production at its plant in Wichita, Kansas, after workers rejected a proposed four-year deal and announced a strike from June 24.<\/p>\n<\/p>\n<p> (Reporting by Shubham Batra in Bengaluru; Editing by Arun Koyyur)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/futures-inch-lower-after\/attachment\/file-photo-traders-work-on-the-floor-of-the-nyse\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>with Dr. Haywood Robinson<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>with Rep. Andy Ogles<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>with Dr. Johnson Varkey<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>with Bob Bianchi<\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>LONDON (Reuters) &#8211; Ocado Group shares surged by over 40% on Thursday after The Times newspaper reported speculation of possible bid interest in\u2026 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>SEOUL (Reuters) \u2013 Netflix co-CEO Ted Sarandos pledged on Thursday that its bumper investment in South Korean content would not bypass young\u2026 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Aditya Kalra, Munsif Vengattil and Aditi Shah NEW DELHI (Reuters) \u2013 Elon Musk is eager to bring his Starlink satellite broadband\u2026 <\/strong><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p><strong>By Nilutpal Timsina (Reuters) &#8211; SES SA said on Thursday that it has <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/shares-of-uk-online-supermarket-ocado-soar-on-talk-of-amazon-bid-interest\/\" title=\"Ocado shares surge on Amazon bid rumors.\">ceased merger talks<\/a> with Intelsat, ending what would have signaled\u2026 <\/strong><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. stock index futures dipped after Fed Chair Jerome Powell maintained his hawkish stance on interest rate hikes. Investors awaited his second day of testimony before a Senate committee. Powell&#8217;s remarks in Washington emphasized a positive outlook for the economy.<\/p>\n","protected":false},"author":66,"featured_media":1953886,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1953885","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1953885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1953885"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1953885\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1953886"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1953885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1953885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1953885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}