Stock market news today: Investors eye further slowdown in inflation

US stocks jumped Monday as investors looked to Tuesday's consumer price index report, which is expected to show a further slowdown in inflation.

Wall Street estimates that January inflation will show an annual pace of 6.2%, down from 6.5% in December as well as June's high of 9.1%. The Labor Department will publish the data at 8:30 a.m. ET. In a research note, analysts at JPMorgan said a reading of 6% to 6.3% is the most likely scenario with odds of 65%. If that happens,Investors have been optimistic that improving data will allow the Federal Reserve to start cutting rates later this year. But Fed policymakers have said recently that the central bank still has a lot of work to do on inflation and warned they eventually may have to lift benchmark rates higher than markets expect.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Investors are walking away from U.S. stock-market funds, into bondsThe stock-market rally to start 2023 isn't keeping investors from pulling billions out of U.S. equity funds. The hitch is, money is pouring into bonds. No we’re not it’s the “age adjusting” mutual funds doing that
Source: MarketWatch - 🏆 3. / 97 Read more »

Wall St climbs with lift from growth stocksU.S. main stock indexes rose on Monday as investors piled into beaten-down megacap growth stocks.
Source: Reuters - 🏆 2. / 97 Read more »