US stock-index futures fell as concerns over the Federal Reserve’s aggressive rate-hike path outweighed robust corporate earnings and China’s stimulus plans. September contracts on the S&P 500 Index slipped 0.8% after the equity benchmark posted modest gains Tuesday amid a rally in retailer stocks. Nasdaq 100 futures retreated 0.9% signaling a selloff in technology names will continue. The dollar and Treasury yields rose as investors awaited the minutes of the Fed’s last policy meeting for clues on policy makers’ sensitivity to weaker economic data. US stocks have rallied on signs of peaking inflation and an earnings-reporting season that saw four out of five companies meeting or beating estimates .( NB: What they fo get to tell you they meet or beat significantly reduces earnings estimates AND most warned about a slow down the rest of the year ) Yet, continuing rate hikes and the likelihood of a recession in the world’s largest economy are weighing on sentiment. Meanwhile, concern is growing that Fed rate setters will remain focused on the fight against inflation rather than supporting growth. NN: What part of the FED has a inflation fire storm on its hands. They cannot relent. I have seen them drive the economy into the ground before and the stock market have a near death experience. It will be no different this time.