11/9/2018, 12:26 PM (Source: TeleTrader)
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US markets seen lower after Fed hints at future rate hikes

United States stock market index futures point to a lower start on Friday after the Federal Reserve decided to keep key interest rate unchanged in a range of 2% to 2.25%, but suggested that it would resume the policy of monetary tightening in the future with "further gradual increases." The US central bank added that the "economic activity has been rising at a strong rate" and noted unemployment has been dropping. On the data front, producer price inflation data is set to be released before the bell.

The Dow Jones is expected to start 0.44% lower, while the Nasdaq 100 is due for a 0.77% weaker start. Meanwhile, the S&P 500 is seen 0.43% in the negative territory. The euro dropped 0.12% against the dollar to sell for 1.1347 at 12:25 pm CET.

Breaking the News / FH