Futures slip after rout on Wall Street

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By Ankika Biswas and Devik Jain (Reuters) – U.S. stock index futures slipped on Wednesday after a sharp selloff on Wall Street in the previous session on rate hike jitters, while investors waited for more inflation data for cues on the pace of monetary policy tightening. The three major U.S. stock indexes on Tuesday notched their biggest one-day percentage declines since June 2020 after an unexpectedly hot consumer price index report cemented bets that the Federal Reserve would go ahead with the third straight 75 basis points increase in rates next week. Markets are currently pricing in a 37% …

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