Wall St eyes lower open with focus on U.S. rate outlook, Ukraine crisis

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The logo for the New York Stock Exchange (NYSE) is displayed on Wall Street in New York City, U.S., March 22, 2022. REUTERS/Brendan McDermid

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March 23 (Reuters) – U.S. stock indexes were set to fall on Wednesday after megacap shares fueled a strong rally on Wall Street a day earlier, as investors assessed the outlook for U.S. interest rates following calls from Federal Reserve policymakers for bigger increases.

The hawkish pivot was in line with Chair Jerome Powell’s comments on Monday and came just a week after the U.S. central bank raised interest rates for the first time since 2018. read more

Traders now see the federal funds rate rising to the 2.25%-2.5% range by year-end, higher than the 1.9% suggested by Fed forecasts last week, raising…

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