Stock Futures Rise After Fed Rate Hike, Sell-Off — SkimNews
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- Federal Reserve raised interest rates, prompting an initial sell-off across US markets before stock futures recovered
- Stock futures climbed across major indexes, with Dow futures rising as the dollar firmed on short-term yields
- Investors were positioned for the Bank of England's upcoming rate decision following the Fed's lead
Why it matters: The Fed's rate increase drove a US market sell-off before futures pared losses, leaving traders focused on the Bank of England's upcoming decision as a potential signal of divergence between the two central banks.
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