US STOCKS-Futures lower as Dec rate hike back on the table
* Futures down: Dow 70 pts, S&P 8 pts, Nasdaq 24.25 pts
By Abhiram Nandakumar
Oct 29 (Reuters) - U.S. stock index futures were lower on Thursday, a day after the Federal Reserve revived expectations of an increase in interest rates in December.
* The Fed, which kept rates unchanged at its policy meeting, downplayed concerns about the global economy and indicated confidence in the U.S. job market's recovery and the economy's capacity to absorb a rate hike.
* The Fed's hawkish tone came as a surprise, prompting an increase in the odds of a December hike to 43 percent from the 38 percent minutes before the release of the statement, according to the CME Group's FedWatch program.
* Wall Street closed sharply higher on Wednesday, led by the financial sector, which benefits from higher borrowing rates.
* European shares reversed course after rising earlier on Thursday, pulled down by disappointing quarterly results, while Asian shares held on to meager gains.
* U.S. economic data due on Thursday includes a survey on U.S. gross domestic product. Growth is forecast to slow to an annual rate of 1.6 percent in the third quarter, from 3.9 percent in the second quarter. The data is due at 8:30 a.m. ET (1230 GMT)
* Also due at the same time is data on jobless claims, which is estimated to have increased by 4,000 to 263,000 last week. Continuación...