Stock futures are flat after a losing week on Wall Street

Stock futures were little changed overnight as investors continued to bet that the Federal Reserve will tighten monetary policy to fight inflation.

The futures on the S&P 500 rose 30 points. The S-P 500 futures were flat.

It was another disappointing week for investors as the major averages lost ground. The S&P 500 and the Nasdaq lost 1% and 1.2%, respectively, last week for their eighth and ninth losses in a row.

The central bank raising interest rates too quickly could cause a recession. According to recent statements from the rate-setting Fed members, there is a 50% chance of a rate increase in June and July.

Despite the roaring pace of inflation, the U.S. economy added 390,000 jobs in May. The strong hiring data may be clearing the way for the Fed to stay aggressive.

Quincy said that the market sees a Federal Reserve trying to navigate a painful and bumpy road. The market is between believing in the rallies and not believing in the Fed's ability to negotiate a soft landing.

The consumer price index for May is scheduled to be released on Friday. The key inflation gauge is expected to be slightly cooler in May, which could be seen as confirmation that inflation has peaked.

The major averages have pulled back from their record highs this year. The S&P 500 hit an all time high in January. There was a brief dip into bear market territory last month.

The second half of the year is going to be a roller coaster ride for investors unless the Fed is able to bring inflation under control without a hard landing. As recessionary fears abound and equity markets fail to develop any sort of positive momentum, most investors seem to be betting on a crash and burn scenario.