US futures are pointing to a slightly lower open as of 04:05 ET. European equity markets have opened mixed in a cautious early trade, following mostly upbeat Asian markets. Hawkish remarks from Fed officials including Chair Powell have prompted markets to dial back bet on 2023 policy pivot. While June pause remains consensus, equity futures are also pricing in probability of 25bp hike.
Companies Mentioned: Micron Technology (NASDAQ:MU), Meta Platforms, Exxon Mobil (NYSE:XOM)