(Reuters) – U.S. stock index futures fell sharply on Wednesday after hotter-than-expected inflation data in June sparked fears that aggressive monetary policy tightening by the U.S. Federal Reserve will push the economy into a recession.
At 08:32 a.m. ET, Dow e-minis were down 184 points, or 0.59%, S&P 500 e-minis were down 45.75 points or 1.1%, and Nasdaq 100 e-minis were down 188.75 points, or 1.6%.
(Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D’Silva)
