Stock futures fell on Wednesday as central-bank officials’ cautious comments regarding the speed of rate cuts continued to weigh.
European Central Bank President Christine Lagarde said this morning that interest-rate cuts were likely, but data dependent and that there was still some uncertainty.
This came after Fed governor Christopher Waller said Tuesday that continued declines in inflation would allow the Federal Reserve to lower rates, but there was “no reason to move as quickly or cut as rapidly as in the past.”