Will U.S. interest rates remain higher for longer?

That’s the big question for investors after unexpectedly strong services data Wednesday. The report added to evidence that the U.S. economy continues to run hot, stoking fresh worries that the Federal Reserve will need to keep policy tight.

Those concerns continued to weigh on stock futures Thursday, setting indexes up for another day of declines.

The data also underscored the growing economic gap between the U.S. and the rest of the world. Weak data from Europe and China Thursday pressured stocks and currencies in both regions. The dollar, in contrast, strengthened for a third straight day.

Source: WSJ