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Michael Nagle | Bloomberg | Getty Images
Traders are working on the floor of the New York Stock Exchange (NYSE) in New York, United States, Monday, April 23, 2018.
Movements in the US futures markets come after Wall Street's Wednesday session closes after the Federal Open Market Committee (FOMC) wrapped up its September meeting. The Fed raised its benchmark interest rate by a quarter of a point and announced that a further increase was planned for the end of the year and three more were canceled for 2019.
Markets have been under pressure, US bond yields have fallen, after President Jerome Powell told reporters he did not see surprising inflation.
In the meantime, trade tensions between the United States and China continue to worsen. On Wednesday, President Donald Trump accused China of intending to interfere in the parliamentary elections in November. He added, without providing any proof, that Beijing did not want the Republican Party to function well. This prompted an immediate rejection from the Chinese government, which said it did not infringe on the domestic affairs of another country, Reuters reported.
Elsewhere, Trump criticized Canada for sluggish discussions over the NAFTA recast. The President said he had recently vetoed Prime Minister Justin Trudeau's invitation to a one-on-one meeting – a claim that prompted a Trudeau government spokesman to declare that no this type was not requested. Trump, however, is committed to start trade negotiations with Japan.
In politics, Supreme Court nominee Brett Kavanaugh is scheduled to appear Thursday at a hearing of the Senate Judiciary Committee, while multiple charges of sexual misconduct have been laid. Kavanaugh denied the allegations.
In the data, claims for UI, durable goods and advanced economic indicators are expected at 8:30 am ET. At the same time, another reading of real gross domestic product (GDP) data will be released. At 10 pm ET, pending home sales are due, followed by the manufacturing survey of the Kansas City Fed at 11 pm ET.
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