SPX futures slip as oil, yields and Fed-hike worries persist
S&P 500 futures eased as crude prices rose, Treasury yields stayed elevated and a revived Fed-hike trade returned. Traders also weighed inflation data risks tied to oil.
Wall Street came back from its long weekend to higher crude, elevated Treasury yields and a revived trade around further Federal Reserve rate increases. Oil added another inflation warning. Inflation is again set to be the deciding factor.