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stock-index futures declined on Sunday after comments from Warsh at Jackson Hole raised the probability investors assigned to another interest-rate increase, the release shows.
Fresh labor data and tech earnings due this week add further uncertainty. The mechanism runs through discount rates.
When the probability of a policy increase rises, investors apply a steeper rate to future corporate earnings. Those earnings are worth less today.
Equity futures price continuously, so a single set of weekend remarks can move contracts before a single data point arrives.
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