Futures slip as oil prices fuel inflation worries ahead of Fed meeting

Group 1 - U.S. stock index futures declined as the Middle East conflict keeps oil prices near $100 a barrel, raising inflation concerns ahead of the Federal Reserve's meeting [1] - Wall Street experienced a cooling off after a tech-driven rebound, with the S&P 500 logging its largest one-day increase in over a month, driven by Nvidia's announcement regarding AI chip revenue potential [2] - Nvidia projected a revenue opportunity of at least $1 trillion for its AI chips by 2027, indicating a strategic push in the rapidly growing AI market [2] Group 2 - Energy prices outlook has been raised by brokerages, which may negatively impact economic growth, as indicated by the Australian central bank's recent interest rate hike [4] - The U.S. Federal Reserve is expected to maintain current borrowing costs, although a hawkish outlook is being priced in by investors, with short-term Treasury yields increasing [4][5] - Analysts suggest that central banks will likely emphasize vigilance over inflation risks due to high oil prices and ongoing geopolitical uncertainties [5]