U.S. stock futures slide as traders await Fed decision; 10-year Treasury yield tops 5%
AI Market Summary
US equity futures weakened into the Fed meeting as markets price a high likelihood of a 25 bp hike while the 10-year Treasury yield moved above 5%, tightening financial conditions and pressuring risk assets. Rising oil prices on Middle East supply-route risks add inflation uncertainty, reinforcing higher-for-longer rate concerns. Stronger China industrial output is supportive for cyclical demand, but did not offset global risk-off signals.
Impact level
● High
Affected assets
NCSISP5002USD/USDT-0.60%
AI Insight · NCSISP5002USD/USDTAI Insight
▼ Bearish
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U.S. stock index futures fell on Tuesday, with Dow futures down 266 points, S&P 500 futures off 28 points and Nasdaq 100 futures lower by 90 points. Ahead of the Federal Reserve meeting, markets were pricing a 92% chance of a 25-basis-point rate hike, according to CME FedWatch. The 10-year U.S. Treasury yield climbed above 5% for the first time since 2023 as oil prices also rose. China reported a 5.2% year-on-year increase in industrial production.
