US Open braces for a tough and windy Shinnecock Hills

SOUTHAMPTON, N.Y. (AP) — The final day of practice for the U.S. Open brought a most unfamiliar sight Wednesday morning at Shinnecock Hills: The nine USGA flags atop the grandstand behind the 18th green, and the large American flag atop the century-old clubhouse, hung limply.

Just not for very long. Wind at Shinnecock Hills is as inevitable as traffic along the Montauk Highway from the infamous “trade parade.”

And that's what has everyone nervous — not only the players, but USGA officials in charge of the course — going into the 126th edition of the golf's second-oldest championship.

“Problematic,” is how John Bodenhamer, the chief competitions officer at the USGA, described excessive wind. “This year I believe the wind will impact our championship unlike many others.”

Adding to the concern are the previous two trips to Shinnecock Hills, when the wind and warmth dried out the course in a New York minute and caused the greens to be borderline unplayable.

It got so bad on the final day in 2004 that no one broke par and 28 players failed to break 80. Treacherously slick greens and questionable pin positions on Saturday in 2018 kept the last 44 players to tee off from matching par. That was the day Phil Mickelson hit a moving ball on the 13th green to avoid it rolling back into the fairway.

The USGA now is taking extreme caution. Bodenhamer said the greens would be roughly 10 1/2 on the Stimpmeter — the original plan was between 11 and 12 — and the course is being kept as soft as possible to get through the next four days.

“I would say the course is about as enjoyable as I've seen it,” said Justin Rose, who joins Adam Scott as the only players to have competed at Shinnecock the last two years.

“There's not many golf courses you could turn up to on any given week and play championship golf, and Shinnecock is one of them,” he said. “I think I like the way the approach is this year. ... Potentially what I'm hearing is some slightly different protocols this week make sense to me. And I think it's set up to be a great tournament.”

It all starts to unfold on Thursday at 6:35 a.m. — 10 minutes earlier than a normal start so the grounds crew has time to douse the greens with water before the afternoon wave — with a mixture of excitement and trepidation.

Scottie Scheffler and Rory McIlroy, Nos. 1 and 2 in the world, both start in the morning wave on opposite sides of the course. Scheffler is bidding for the career Grand Slam with the U.S. Open the only major title he is lacking.

Scheffler first picked up a golf club in his native New Jersey. He moved to Dallas when he was 6 and honed his game in the wind at Royal Oaks.

But there is wind, and there is wind at Shinnecock Hills, situated between the Great Peconic Bay to the north and the Atlantic Ocean to the south.

Bodenhamer said the expectation was for wind in the 20s mph Thursday with gusts nearly twice that strong throughout the afternoon. The forecast was less wind on Friday, then wind strong and from a different direction Saturday, then a bit calmer on Sunday.

Bodenhamer said a key strategy in setting up the course is to be “tough but fair.”

“We could brutalize this place the next few days if we wanted to. That’s not what we’re about,” he said. “We really want it to be fair, and we want it to be what Shinnecock Hills has always been. It will be tough enough.”

Scott, who is playing in his 100th consecutive major, considers this course among his favorite in the world. He has yet to see Shinnecock Hills on the weekend, at least during a U.S. Open. The Australian knows what to expect, and he liked what he had seen so far.

“It looks like they’re being cautious at the moment. They know the wind is going to be a factor this week,” Scott said. “Hopefully, we can get the greens to firm up over the weekend, and we’ll see some of the greatness of Shinnecock where the shots in are so important to hit these small areas, and then you’ll get a great champion.”

The one statistic that speaks to Shinnecock Hills are the three players who have managed to finish a U.S. Open under par in the previous five U.S. Opens — Raymond Floyd in 1986, Retief Goosen in 2004, Mickelson as the runner-up in 2004.

Brooks Koepka in 2018 at Shinnecock is the last U.S. Open champion to win with a score over par.

“The Shinnecock links are almost perfect as they present nearly every kind of natural obstacle the most exacting and fanatical golfer could ever desire,” Bodenhamer said, pausing before adding he didn't actually come up with that.

“That comes from the New York Herald on Aug. 30, 1891, when this place was founded,” he said. “I don't think a whole lot has changed.”

AP golf: https://apnews.com/hub/golf

Scottie Scheffler chips to the green on the 12th hole during a practice round for the U.S. Open golf tournament at Shinnecock Hills Golf Club in Southampton, N.Y., Wednesday, June 17, 2026.(AP Photo/Seth Wenig)

Justin Rose, of England, hits his tee shot on the 11th hole during a practice round for the U.S. Open golf tournament at Shinnecock Hills Golf Club in Southampton, N.Y., Wednesday, June 17, 2026.(AP Photo/David J. Phillip)

Adam Scott, of Australia, hits from the fairway on the 12th hole during a practice round for the U.S. Open golf tournament at Shinnecock Hills Golf Club in Southampton, N.Y., Wednesday, June 17, 2026.(AP Photo/David J. Phillip)

Xander Schauffele hits from the bunker on the fourth hole during a practice round for the U.S. Open golf tournament at Shinnecock Hills Golf Club in Southampton, N.Y., Wednesday, June 17, 2026.(AP Photo/David J. Phillip)

Rory McIlroy, of Northern Ireland, hits his tee shot on the 12th hole during a practice round for the U.S. Open golf tournament at Shinnecock Hills Golf Club in Southampton, N.Y., Wednesday, June 17, 2026.(AP Photo/David J. Phillip)

NEW YORK (AP) — U.S. stocks slumped Wednesday on speculation the Federal Reserve may hike interest rates this year to keep a lid on inflation. Higher rates can tap the brakes on accelerating prices at cash registers, but they also slow the economy and hurt prices for investments.

The S&P 500 dropped 1.2% and erased an earlier, modest gain after the Fed released projections showing that nine of 18 policymakers foresee at least one increase to its main interest rate this year. The Dow Jones Industrial Average went from a gain of 280 points in the morning to a drop of 507 points, or 1%, while the Nasdaq composite sank 1.3%.

One important policymaker at the Fed did not give a forecast for where the federal funds rate may end 2026: Chairman Kevin Warsh. In his first press conference as head of the U.S. central bank, Warsh said he’s also considering a revamp of how the Fed communicates with financial markets and U.S. households and businesses.

One of his first moves was to end the inclusion of hints in Fed statements about where interest rates may be heading in the future, something called “forward guidance.”

Warsh said he wants Wall Street to react to incoming reports about inflation, the job market and other economic data based on how they should affect prices for stocks, bonds and other investments rather than how traders expect the Federal Reserve to react to them.

As part of that, Warsh said the Fed could make changes to its usual release of projections every three months showing where Fed officials foresee interest rates, the economy and inflation heading.

For now, Wall Street reacted uneasily to Fed officials’ latest set of projections, though Warsh cautioned he “didn’t hear tons of conviction” behind them. Stocks zigzagged up and down several times following the release. The Fed also announced its decision to keep the federal funds rate steady at this meeting, as it has all year so far.

In the bond market, Treasury yields climbed. The yield on the 10-year Treasury, which influences rates for mortgages and other loans going to U.S. households and businesses, rose to 4.49% from 4.43% late Tuesday. The two-year Treasury yield, which more closely tracks expectations for Fed action, jumped to 4.21% from 4.05%.

Traders upped their bets for at least one increase to the federal funds rate this year and now see an 84% probability of it, up from 59.5% a day earlier, according to data from CME Group.

High yields in bond markets worldwide caused by worries about inflation have already been threatening to slow economies and undercut prices for all kinds of investments.

In the stock market, SpaceX erased an early gain and fell 4.9% for its first loss since its ballyhooed debut on the U.S. stock market last week.

Drops of 3.8% for Microsoft, 3.5% for Amazon and 1.3% for Nvidia were three of the heaviest weights on the S&P 500.

They helped overshadow a jump of 14.8% for La-Z-Boy, which reported stronger profit and revenue for the latest quarter than analysts expected. It benefited from revenue made at newly opened stores, though Chief Financial Officer Taylor Luebke said the company continues to have “a measured view” of the broad sales environment.

All told, the S&P 500 fell 91.25 points to 7,420.10. The Dow Jones Industrial Average dropped 507.12 to 51,492.55, and the Nasdaq composite sank 354.69 to 26,021.66.

A report released Wednesday said retailers across the country saw their revenue grow at a faster pace in May than economists expected, offering hope that solid spending by consumers can support the economy. But high inflation has also made U.S. shoppers feel more discouraged about their finances.

Oil prices were steadier Wednesday following slides earlier in the week on optimism about the tentative U.S.-Iran deal to get the global flow of oil going again. Iran is set to take steps to reopen the Strait of Hormuz once the deal is signed, which would allow oil tankers to deliver crude from the Persian Gulf again and hopefully take pressure off inflation.

The price for a barrel of Brent crude oil rose 0.7% to $79.55. It’s still above its roughly $70 price from before the war, but it’s well below its $100-plus price from a few weeks ago.

In stock markets abroad, indexes were mixed across Europe and Asia.

South Korea’s Kospi jumped 1.6%, and Hong Kong’s Hang Seng fell 0.7% for two of the world’s bigger moves.

AP Business Writers Chan Ho-him, Matt Ott and Elaine Kurtenbach contributed to this report.

Federal Reserve Chair Kevin Warsh's press conference appears on a screen on the floor of the New York Stock Exchange, Wednesday, June 17, 2026. (AP Photo/Richard Drew)

Federal Reserve Chair Kevin Warsh's press conference appears on screens on the floor of the New York Stock Exchange, Wednesday, June 17, 2026. (AP Photo/Richard Drew)

Specialist Michael Pistillo, left, and trader Sean Spain work on the floor of the New York Stock Exchange, Tuesday, June 16, 2026. (AP Photo/Richard Drew)

Options trader Joseph D'Arrigo works on the floor of the New York Stock Exchange, Tuesday, June 16, 2026. (AP Photo/Richard Drew)

Employees of a securities company celebrate as Japan's benchmark Nikkei 225 topped 70,000 for the first time during trading hours in Tokyo Tuesday, June 16, 2026. A sign, left, reads " Congratulations. Nikkei index reached 70,000 yen." (Shinji Kouchi/Kyodo News via AP)

Employees of a securities company celebrate as Japan's benchmark Nikkei 225 topped 70,000 for the first time during trading hours in Tokyo Tuesday, June 16, 2026. A sign, left, reads "Congratulations. Nikkei index reached 70,000 yen." (Shinji Kouchi/Kyodo News via AP)

An electronic board, left, shows Nikkei index at a securities company in Tokyo Tuesday, June 16, 2026. (Shinji Kouchi/Kyodo News via AP)

Currency traders work near a screen showing the Korea Composite Stock Price Index (KOSPI) and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, June 17, 2026. (AP Photo/Ahn Young-joon)

A currency trader stretches near a screen showing the Korea Composite Stock Price Index (KOSPI) at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Wednesday, June 17, 2026. (AP Photo/Ahn Young-joon)