Dow futures slide nearly 200 points and dollar steamrolls rivals on Fed tightening view

U.S. stock futures fell on Friday and the U.S. dollar continues to wreck all its competitors, as the market continues to price in further Federal Reserve...

U.S. stock futures fell on Friday and the U.S. dollar continues to wreck all its competitors, as the market continues to price in further Federal Reserve interest-rate tightening as it fights inflation.

Down... U.S. stock futures fell on Friday and the U.S. dollar continues to wreck all its competitors, as the market continues to price in further Federal Reserve interest-rate tightening as it fights inflation. Steve Englander, head of global G10 currency research at Standard Chartered, had expected the labor market to show signs of slowing by now. The bank now forecasts a 75 basis point hike from the Fed in November and a further 50 basis point increase in December.

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