Following a weak day for stocks, U.S. equity futures were holding mostly flat on Wednesday as key Capitol Hill testimony from Fed Chairman Jerome Powell awaits.
U.S. stock futures were trading slightly softer on Wednesday, as investors got ready to tune in to what Federal Reserve Chairman Jerome Powell will say about the economy and possibly interest rate direction when he appears on Capitol Hill.
accWhat’s driving markets?... U.S. stock futures were trading slightly softer on Wednesday, as investors got ready to tune in to what Federal Reserve Chairman Jerome Powell will say about the economy and possibly interest rate direction when he appears on Capitol Hill. What’s driving markets? Investors spent Tuesday dialing stocks back from levels not seen in more than a year last week, with some analysts concerned markets may have gotten ahead of themselves.
The Fed kept interest rates unchanged last week, but many economists think a further hike could be coming at the central bank’s July meeting, with two more increases pencilled in for this year.
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