US futures rise along with global stocks as Fed officials soothe inflation fears, sending bond yields lower

US futures rise along with global stocks as Fed officials soothe inflation fears, sending bond yields lower

US futures rose along with global stocks on Friday after Federal Reserve officials stepped in to try to soothe investor fears over rising inflation, and equities rebounded somewhat from sharp falls. Commodities prices also recovered slightly after sliding earlier in the week on expectations that the Fed may cut back its support for the economy sooner than expected, while bond yields fell. were 0.46% higher on Friday after the benchmark index rose 1.22% on Thursday. Futures for the tech-heavy were up 0.67% and had risen 0.36%. Despite Thursday's rebound, the had fallen more than 2.8% across the week after sharp falls in the wake of Wednesday's stronger-than-expected inflation report. Consumer price index inflation year on year in April, the strongest rise since 2008. The prospect of sustained stronger inflation has worried investors, as it eats into the returns on financial assets and raises the prospect that the Fed may reduce support for the economy to cool prices. Yet the Fed has insisted it will look past this rise in inflation, which it argues will be temporary. Fed governor Christopher Waller on Thursday reiterated the point, saying: "The factors putting upward pressure on inflation are temporary, and an accommodative monetary policy