Wall St futures slip as Iran war rages on, investors dial down rate cut bets

Global geopolitical events, especially those impacting energy, have a direct bearing on investor sentiment and inflation expectations worldwide. Reduced rate cut bets imply higher for longer interest rates, which is generally negative for equities.

• •U.S. stock index futures slipped.
• •Iran war approaching fourth week, roiling energy markets.
• •Investors repricing bets on interest rate cuts by the U.S. Federal Reserve.
• •Risk flag: Escalation of geopolitical conflict
• •Risk flag: Higher global crude oil prices