Home / Economic Report / Daily Economic Reports / U.S. Stocks Await Key Economic Data

U.S. Stocks Await Key Economic Data

The Dow Jones Industrial Average (DJIA) traded near 45,500 on Monday, as investors paused ahead of a critical week for economic data. While other major indexes, particularly those with a higher concentration of technology stocks, posted gains and hit new records, the Dow remained relatively flat. This cautious sentiment reflects a market poised for action but waiting for clear signals from upcoming reports.

Investors are largely betting on a Federal Reserve interest rate cut scheduled for September 17. These expectations were solidified by last week’s weaker-than-expected Nonfarm Payrolls (NFP) report, which suggested a cooling labor market. However, a major hurdle remains in the form of the Consumer Price Index (CPI) inflation report, set to be released this Thursday.

Inflation has consistently stayed above the Fed’s 2% target, with little progress made in taming price pressures throughout the year. The upcoming CPI data will be a key determinant of whether the central bank proceeds with its anticipated rate cut, making it a pivotal event for markets this week.

Check Also

Asian Stocks Rebound on Tech Gains, Investors Await Central Bank Moves

Most Asian markets advanced on Monday as technology shares rebounded from last week’s steep sell-off, …