U.S. stock futures fell as Fed officials delivered hawkish speeches to reinforce the message that they are not in a hurry to cut interest rates

According to Jinshi, U.S. stock index futures fell. Federal Reserve officials made hawkish speeches earlier, reinforcing the message that they are not in a hurry to cut interest rates. The performance of the three major technology giants put pressure on stock index futures. Powell is expected to reinforce the message that the Fed will be patient with rate cuts. In particular, Fed Chairman Bostic said on Monday that he expects the first rate cut to be in the third quarter and then pause. Kenneth Broux, a strategist at Societe Generale, said, "If Bostic wants to cut interest rates once and then pause, it makes people wonder whether the expectation of three rate cuts by the Fed is wavering." "The data will tell the problem. There is really no strong signal that the Fed should cut interest rates now." "In the past two months, we have ruled out the equivalent of three rate cuts by the Fed. The question now is: should we rule it out further?" he pointed out.