Netflix said it was bracing for things to get even worse with a projected loss of another 2 million subscribers during the April-June period.
The conflict in Ukraine has added to those price pressures.
Currently, investors expect rate hikes to push the benchmark interest rate to a range between 2.5% and 2.75% by the end of the year, according to CME Group’s FedWatch tool.
Wall Street will get more details on that impact when the National Association of Realtors releases its home sales report for March on Wednesday.