Recession fears pull futures lower

Published by
Reuters

(Reuters) – U.S. stock index futures fell on Tuesday, with investors weighing the possibility of an economic recession as central banks across the world take aggressive actions to contain a surge in inflation. As the Federal Reserve moves away from easy money by raising borrowing costs, the raging bull market of the last few years has hit pause, dragging the benchmark S&P 500 index to its steepest first-half percentage drop since 1970. Traders are now bracing for another 75 basis point hike at the end of the month. In a brief relief from the roller-coaster ride on Wall Street, the main indexes…

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