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Dow futures sink over 300 points as Fed's Bullard estimates that initial rate increase could happen in late 2022

·1 min read
Dow futures sink over 300 points as Fed's Bullard estimates that initial rate increase could happen in late 2022
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U.S. stock-index futures saw losses deepen Friday morning as St. Louis Federal President Jim Bullard said, during a CNBC interview, that the central bank could lift benchmark interest rates, which currently stand at a range between 0% and 0.25%, as early as late next year. Futures for the Dow Jones Industrial Average were down more than 300 points, or 1%, at 33,366, those for the S&P 500 index were off 0.8% at 4,180, while Nasdaq-100 futures were trading 0.6% lower at 14,068. The Dow and S&P 500