"US futures and global equities extended Thursday's selloff as a global
wave of risk aversion swept across the markets after two of the Fed's
most hawkish (nonvoting) policymakers - Loretta Mester and James Bullard
- signaled they may favor returning to bigger, 50bps rate hikes in the
future, while European Central Bank Executive Board member Isabel
Schnabel also warned that markets may be underestimating inflation, and
the risk that the ECB “may have to act more forcefully”.....ZH
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