US Futures Dip as Middle East Strikes Fuel Inflation
Wall Street futures declined early Monday as renewed military strikes between the United States and Iran pushed oil prices higher. The conflict exacerbated inflation concerns ahead of upcoming employment data and the Federal Reserve meeting.
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Wall Street stock index futures fell during Monday morning trading after military strikes resumed between the United States and Iran, pushing crude prices higher. The downturn signals a volatile start to September, a historically weak month for equities. Traders now price in a nearly 60% chance of an interest rate hike at the upcoming FOMC meeting.
