U.S. Stock Futures Are Lower As Higher Inflation Adversely Impacted Consumer Sentiment

United Asset Strategies |

U.S. stock futures are lower.  Equity indexes closed down on Tuesday as higher inflation adversely impacted consumer sentiment resulting in a weaker consumer confidence report.  Consumer confidence index dropped to 98.7 in June, a decline of 4.5 points from 103.2 in May and the consensus was 101. Head central bankers are scheduled to speak today at joint forum hosted by the ECB in Sintra, Portugal, with investors paying close attention to a potential synchronized global interest rate policies.  Treasury yields are lower this morning across the curve and final GDP was -1.6% versus estimate of -1.5%.   International markets are lower.