US stock futures fall on extended chip losses, inflation worries

Mortgage rates rose on May 19 due to inflation and the Federal Reserve's hawkish stance, increasing borrowing costs.

Economist Ed Yardeni predicts that the Federal Reserve will raise interest rates in July to combat inflation.

Brazil's central bank expresses concern over rising long-term inflation expectations, signaling potential for tighter monetary policy.

Fears of a Federal Reserve rate hike are affecting market confidence, with Nvidia's earnings report approaching.