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U.S. stocks muted with key inflation reading, earnings ahead this week

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U.S. stocks muted with key inflation reading, earnings ahead this week

Investing.com -- U.S. stocks mostly held around the flatline on Monday, as investors geared up for a week of key economic data releases and a slew of quarterly corporate earnings.was mostly unchanged but remained above the 5,000-point mark -- a milestone it closed above for the first time ever on Friday. The tech-heavy

Hopes are rapidly fading that the Fed could slash rates as soon as its March meeting, particularly after Chair Jerome Powell said last month that inflation is still running above the central bank's 2% target. Powell later reiterated this stance, telling the CBS news show"60 Minutes" that the Fed can take a"prudent" approach to possible cuts.

 

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