Feds Hawkish Turn Triggers Market Rebound

US futures are pointing to a rebound for markets on Thursday following the Federal Reserve's first interest rate hike in three years.

The move is seen as a hawkish turn by the Fed, which has been monitoring inflation closely. The increase in interest rates is expected to curb spending and cool down the economy, but it also means that borrowing becomes more expensive.

Wall Street had closed lower on Wednesday following the rate hike announcement, but futures are now indicating a possible reversal. This could be a sign of investors adjusting their expectations and factoring in the new economic reality.