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Stock Futures Fall, Extending Market Selloff Ahead of Fed Chair Powell’s Speech

Stock Futures Fall, Extending Market Selloff Ahead of Fed Chair Powell’s Speech

U.S. stock futures stalled on Wednesday, extending a two-day selloff amid worries that the Federal Reserve will keep interest rates higher for longer than once thought because of persistent inflation. Remarks due from Fed chairman Jerome Powell are looming and could advance the market narrative. The yield on the benchmark 10-year U.S. Treasury note—which has surged this week to its highest levels all year—ticked up 4.37%.