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Benzinga
Benzinga
Business
Shanthi Rexaline

US Futures Point To Lackluster Start As Fed Official Kashkari's Hawkish Comments Aggravate Rate Hike Fears

U.S. index futures are flatlining on Wednesday following three straight sessions of clocking losses.

On Tuesday, the major averages closed lower as investors digested some weak Main Street data and an oil rally that took the commodity to near a 2-week high. The market opened slightly lower and cut its losses in early trading as weak housing and regional manufacturing data raised hopes of less aggressive rate hikes by the Federal Reserve.

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