Stocks Slip, Treasury Yields Climb With Powell, Inflation In Focus

U.S. equity futures edged lower Wednesday, while oil prices resumed their recent march higher and the dollar held gains against its global peers, as investors awaited news of fresh sanctions on Russia while side-stepping one of the biggest bond market sell-offs on record.

President Joe Biden is set to travel to Brussels for a meeting with NATO leaders in the Belgian capital Thursday, with reports suggesting he’s prepared unveil new sanctions on Moscow, possibly in the energy sector, in response to its month-long invasion of Ukraine.

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