US futures are pointing to a lower open as of 4:15 ET. European equity markets have started with a small gain, following mixed Asian trade. Fed Governor Waller has reiterated that there’s still a long way to go before concluding rate hikes, adding rates will stay high until inflation is closer to the 2% target. Fed officials are maintaining the notion of inflation staying higher for longer. Elsewhere, China announced a property sector rescue package, and President Biden will meet with China's Xi in Bali today.
Companies Mentioned: Luther Burbank, Washington Federal, Walt Disney (NYSE:DIS), Chevron (NYSE:CVX), Softbank