Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

U.S. Futures Slide Amid Inflation Concerns, Fed Meeting Expectations

Stock Markets Jun 13, 2022 03:19AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Scott Kanowsky 

Investing.com -- U.S. futures slipped early Monday after major indices on Wall Street posted their worst week since January.

As of 0253 EST (0653 GMT), Dow futures were lower by 1.31%, S&P 500 futures contracted by 1.71%, and tech-heavy Nasdaq 100 Futures were down 2.15%.

The indices fell last week as concerns over soaring prices mounted following the release of the latest U.S. inflation reading. May's U.S. consumer price index came in at 8.6% - the highest reading since 1981.

"In the space of a few days, markets have gone from optimism that inflation might be on the cusp of plateauing, to rising apprehension that we could not only see higher prices, but that prices might well remain higher for a lot longer than originally thought," wrote CMC Markets Chief Markets Analyst Michael Hewson in a note on Monday.

The Federal Reserve is scheduled to meet this week, with policymakers expected to raise interest rates by a half-percentage point in a bid to tame inflation. But fears remain that the Fed will act aggressively and potentially plunge the economy into a recession.

Meanwhile, the 2-year U.S. treasury yield rose to its highest level since late 2007. The benchmark U.S. 10-year yield also moved higher, adding on to gains made on Friday.

U.S. Futures Slide Amid Inflation Concerns, Fed Meeting Expectations
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (5)
Todd Holaday
JustWilliam Jun 13, 2022 6:27AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
What a mess.
Ja sui
Ja sui Jun 13, 2022 6:25AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
This JJJ persons will make serious damage to US economy, probably by end of their terms will head US to great recession.
Sol Wein
Sol Wein Jun 13, 2022 6:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Buy gold/silver while its still cheap!
Royal Highness
Royal Highness Jun 13, 2022 6:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Buy wheat futures instead
crying bear
crying bear Jun 13, 2022 6:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
you're whining for years that gold / silver are cheap, and they are still cheap. Simple reason, nobody wants to buy them
crying bear
crying bear Jun 13, 2022 6:20AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
in case you didn't notice, gold and silver are also red !
Mart Bab
Rubberduck1973 Jun 13, 2022 6:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Buy gold now. Very soon short squeeze in gold. Also, paper gold will be converted into real gold. Only reason gold may go down is because of the last people offsetting margin calls by selling gold. But every dip will be bought up very quick. Shorters will start covering their shorts and booom up up up
crying bear
crying bear Jun 13, 2022 6:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
the begging gold bugs beggars are back, whining and crying for people to buy their metal. They're having been doing that for years, as well as calling for stocks and crypto to go to zero. And years after, they are still over and over, begging people to buy gold !
crying bear
crying bear Jun 13, 2022 6:16AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
gold bug telling people to sell their crypto at the beginning of the bull run 5 years ago: Comments by Mart Bab BTC/USD Sep 02, 2017 9:40AM ET in fact, sell all crypto BTC/USD Sep 02, 2017 9:37AM ET Sell your bitcoins now my friends. Or you will get burned
Will Mint
Will Mint Jun 13, 2022 3:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
.75 raise incoming
Kris Jay
Kris Jay Jun 13, 2022 3:39AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
Powell is cut from same cloth as Biden.   He doesnt have the kahunas to do .75 and he wouldnt do that as he told his rich friends that he would telegraph his moves and they would have time to exit the market.   so he will go just 0.5bps but 0.5 next month and next month until we're at 10%.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email