US futures are indicating a slightly lower open. European equities are weaker, with Asian markets mostly down following a sharply lower US close after the Fed's 75bps rate-hike decision yesterday. Chair Powell's hawkish press conference has marked the latest pushback against hopes for a central bank policy pivot that had supported markets in recent weeks. While officials have signaled a slower pace of tightening, higher peak rate forecasts are feeding into the notion of a smoother, but more elongated tightening cycle stretching further in 2023.
Companies Mentioned: Adobe (NASDAQ:ADBE), Marathon Oil (NYSE:MRO), Lumen Technologies