Stock futures fell on Tuesday as Wall Street looked to build on a modest recovery before another rate hike from the Federal Reserve.

Futures linked to the Dow Jones Industrial Average were down 204 points, or 0.66%. S&P 500 futures are down 0.73%, and Nasdaq 100 futures are down 0.82%.

The Federal Open Market Committee begins its September meeting on Tuesday, with central bankers expected to announce a 0.75 percentage point rate hike on Wednesday. Stocks have fallen in recent weeks as comments from Federal Reserve Chairman Jerome Powell and an unexpectedly hot CPI report in August led traders to brace for higher rates until inflation subsides.

Dominic Wilson of Goldman Sachs wrote in a note to clients Tuesday. “However, markets will need significantly more adjustment if the tougher view of the labor market is to be correct.”

Wilson said the S&P 500 needs to trade in a range of 2900 to 3375 and 5-year yields between 4.5-5.4% if the Fed needs to see higher unemployment to gain confidence that inflation will come down.

During a volatile trading session on Monday, Stocks rose in the afternoon To capture a two-day losing streak and recover some of their last losses. The Dow Jones index rose 197 points, or about 0.6%. The S&P 500 and Nasdaq Composite were up about 0.7% and 0.8%, respectively.

However, after the market closed on Monday, Ford announced that supply chain problems will cost the automaker An additional billion dollars in the third quarter. Shares were down about 5% in pre-market trading.

On the economic front, investors will get a fresh look at the housing market on Tuesday morning with August reports for housing starts and building permits.