Futures slip with focus on economic data amid recession worries

(Reuters) -U.S. stock index futures slipped on Wednesday as investors awaited a fresh batch of economic data, including a report on the labor market, amid worries that rapid interest rate hikes by the Federal Reserve could trigger a steep economic downturn. Wall Street’s main indexes ended lower in the previous session, with the benchmark S&P 500 snapping a four-day winning streak after a fall in U.S. job openings and factory orders added to evidence that the Fed’s aggressive monetary tightening was starting to take a toll on the economy. Focus will be on the ADP National Employment report before the…