Futures fall as caution about banks lingers, economic data awaited

(Reuters) – U.S. stock index futures fell on Wednesday as investors remained cautious amid lingering concerns of a banking crisis while they awaited more economic data for cues on the Federal Reserve’s monetary policy path. Wall Street notched strong gains in the previous session after a highly-anticipated inflation report showed a slowdown in February consumer prices growth, spurring hopes of a smaller rate hike at the conclusion of the Federal Reserve’s meeting next week. After the recent collapse of SVB Financial and Signature Bank, assurances and emergency measures by U.S. authorities alla…

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