US stock futures fall, Federal Reserve officials' hawkish remarks reinforce the message of not being in a hurry to cut interest rates

According to reports from FXStreet, US stock index futures fell as Federal Reserve officials made hawkish comments earlier, reinforcing the message that they are not in a hurry to cut interest rates. The performance of the three major tech giants has put pressure on stock index futures. It is expected that Powell will reinforce this message, indicating that the Fed will be patient with rate cuts. In particular, Boston Fed President Rosengren stated on Monday that he expects the first rate cut to come in the third quarter and then pause. Kenneth Broux, a strategist at French bank Natixis, said: "If Rosengren wants to cut rates once and then pause, it makes people wonder whether expectations for three rate cuts by the Fed are wavering." "The data will tell us if there is really a strong signal for the Fed to cut rates now." "In the past two months, we have priced in an easing cycle equivalent to three cuts by the Fed; now the question is: do we need to price in more?" he pointed out.