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Oil Price Surge Drives US Stock Futures Down Amid Inflation Fears

Guavy AI Editorial Team
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US stock futures dipped on Monday following military clashes between the US and Iran that pushed up oil prices, fueling inflation anxiety.

The losses could set a tone for September, typically a weak month for equities, and heighten the stakes at the upcoming Federal Reserve meeting in September.

Fed Chair Kevin Warsh's hawkish stance has raised expectations of a rate hike next month. Traders now see a nearly 60% chance of a rate increase, up from 41.4% just a week ago.

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