US Futures Waver as Rate Bets Thrown Into Doubt: Markets Wrap
(Bloomberg) — Markets struggled for direction Tuesday as traders weighed prospects for a slowdown in the pace of US rate hikes against data that shows tighter policy may be needed for longer.
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Contracts on the S&P 500 wavered following a third day of declines for the S&P 500 on Monday. A gauge of European equities turned lower as a seven-week rally lost steam. The dollar rose for a second day, signaling haven demand.
A resilient US economy and sticky inflation is…