US stock futures move sideways with more Fedspeak, rate cues on tap
Investing.com-- U.S. stock index futures traded sideways in evening deals on Wednesday as a recent recovery in Wall Street stalled after a string of Federal Reserve officials warned that interest rates will remain high for longer.
They cited persistent concerns over sticky inflation as the biggest driver of steady rates, even as recent data showed some cooling in the labor market, which is another point of consideration for the Fed. While Arm’s March-quarter earnings beat estimates, the weak guidance raised questions over just how much of a recent artificial intelligence-driven melt-up in valuations was justified.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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