19.02.202612:09:17UTC+00US Futures Point to Lower Open

US equity futures edged lower on Thursday, paring some of the prior session’s gains amid mounting signs that the Federal Reserve may keep policy restrictive for an extended period. Futures on all three major indices were down about 0.3%. Longer-dated Treasury yields climbed further as the hawkish tone of the latest FOMC minutes coincided with a sharp rise in crude oil prices.

The minutes showed that most policymakers were increasingly worried that the disinflation process could take longer than anticipated, and a few indicated that additional rate hikes might be warranted if inflation settles above the Fed’s 2% target.

Bank stocks traded lower in pre-market action as yields rose, while major technology names gave back part of Wednesday’s gains as investors reassessed the risks associated with elevated capital spending commitments for data centers. Meanwhile, [company name] fell nearly 2% despite topping Q4 revenue forecasts and announcing a dividend increase.