US stocks futures edge lower as investors weigh comments from Fed Bowman

US stock futures extended their move to the downside following hawkish remarks from FED Governor Michelle Bowman.

Key comments:

• Additional rate increases likely in the coming months
• Inflation is much too high
• Forceful action is needed
• Substantial risk that high inflation could persist
• Labor market consistent with maximum employment
• Reducing balance sheet to appropriate and manageable level important additional step in addressing high inflation
• It's 'more than time' for the Fed to begin normalizing
• Says she will be closely watching the data in the coming weeks
• Expects a series of rate increases, the timing of which will be determined by data.
• At upcoming meetings, we are likely to see several opportunities to raise rates.
• It is crucial that Congress passes a CBDC.

US30- continues to move lower after comments from FED Bowman. Index is heading towards major support at 33410 pts, which is marked with previous price reactions and lower limit of the 1:1 structure. Source: xStation5