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U.S. equity futures traded lower ahead of the final Wall Street session of the week.

The major futures indexes suggested a decline of 0.7% on the Nasdaq, which fell 2.5% on Thursday in a tech selloff.

U.S. shares dropped a day after theFederal Reserve said it was preparing to begin raising rates next year to fight inflation.

Traders were also considering other moves by global central banks. The Bank of England became the first central bank among leading economies to raise interest rates to fight inflation. The European Central Bank still plans to trim its pandemic stimulus, but not abruptly.

The Bank of Japan said Friday it would reduce some of its pandemic support measures, reducing purchases of corporate bonds to pre-crisis levels after March. It also extended by six months extra support for lending to small companies. But its board meeting otherwise kept ultra-loose monetary policy mostly unchanged.

Shares fell in Asia on Friday after technology companies led Wall Street benchmarks lower.

Tokyo’s Nikkei 225 index dropped 1.8%, Hong Kong’s Hang Seng lost 1.2% and China's Shanghai Composite index gave up 1.2%.

In Europe, London's FTSE added 0.1%, Germany's DAX slipped 0.4% and France's CAC was off 0.3%.

In commodities, Brent crude fell 1.6% to $73.8 a barrel. Gold rose 0.6% to $1,809.20 a troy ounce.