Dow futures tick higher; Walmart, jobless claims data in focus
The main equities indices closed lower Wednesday, a second consecutive losing day, with the
hit particularly hard, dropping 1.2%, on worries that additional tightening will disproportionately hit the debt-laden tech sector.from the Fed’s July meeting, when the central bank officials decided unanimously to lift rates by 25 basis points, showed that most still saw"significant" upside risks to inflation, a sign that further rate hikes could be needed to slow the economy just as upbeat data forced the central bank to ditch its recession call.
The U.S. central bank is still widely seen standing still at its next policy meeting in September, but expectations are growing that there could be another hike in November as July's meeting came before a raft of U.S. data that underscored the resilient economy.
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