Futures fall as Fed rate hike worries sap risk sentiment

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Reuters

(Reuters) – U.S. stock index futures fell on Friday after Federal Reserve officials said the central bank needs to keep raising interest rates to rein in inflation, while deliberating on how fast and how high to lift them. High-growth and technology stocks such as Amazon.com Inc and Alphabet Inc declined more than 1% in trading before the bell as U.S. Treasury bond yields climbed. Banks also fell and were on track to end the week lower, potentially snapping their six-week winning streak. St. Louis Fed President James Bullard said on Thursday he was leaning toward supporting a third straight 75…

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