Martial

US futures point higher after Fed's comments upset markets

1 month ago   |   By Bésame

NEW YORK - Wall Street was poised to rebound Tuesday after two days of widespread losses stemming from last week's Federal Reserve pledge to fight inflation by keeping interest rates elevated.
Futures for the Dow Jones industrials jumped 0.6% and futures for the benchmark S&P 500 index rose 0.7% after falling 0.7% on Monday. The S&P's 3.4% drop on Friday was its biggest one-day loss in two months.
Markets have been roiled since Federal Reserve Chairman Jerome Powell indicated Friday the U.S. central bank will stick to a strategy of rate hikes to cool inflation that is at multi-decade...
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