(Bloomberg) -- U.S. stock-index futures fell after Wal-Mart Stores Inc. forecast earnings that trailed analysts' estimates, adding to concerns inflation data today will keep the Federal Reserve from cutting interest rates as the economy weakens.
``We don't see a rate cut happening this year because inflation is there in the background,'' said Kevin Lyne-Smith, who helps oversee $100 billion as managing director at Julius Baer Holding AG's private-banking division in Zurich. ``We are underweight U.S. stocks. The economic slowdown is happening.''
Read more at Bloomberg Stocks News
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