US futures are pointing to a lower open as of 04:05 ET. European equity markets have opened in the negative territory, following broad weakness in Asia. Initial takeaways from the FOMC meeting focus on the peak rate projection coming in higher than markets were pricing in. Powell also pushed back against a dovish pivot by reiterating the higher-for-longer narrative and the need for "substantial evidence" that inflation is retreating in a sustainable manner before weighing cuts.
Companies Mentioned: Blackstone (NYSE:BX)