US stock futures fall on extended chip losses, inflation worries

The market is pricing in over an 80% chance of the Federal Reserve raising interest rates by the end of 2026, indicating persistent hawkish expectations.

Mortgage rates rose on May 19 due to inflation and the Federal Reserve's hawkish stance, increasing borrowing costs.

Economist Ed Yardeni predicts that the Federal Reserve will raise interest rates in July to combat inflation.

Brazil's central bank expresses concern over rising long-term inflation expectations, signaling potential for tighter monetary policy.