Stock market investors on Wall Street are gearing up for an eventful week ahead as they closely monitor key economic reports, particularly inflation data, for clues on the US Federal Reserve’s rate cut plans. Last week, investors’ hopes were lifted after Federal Reserve chair Jerome Powell hinted at potential interest rate cuts in the near future.
The upcoming economic reports scheduled for release include the consumer price index (CPI) report for February on March 12, US retail sales and producer price index (PPI) for February on March 14, and the industrial production report for February on March 15. These reports will provide valuable insights into the state of the economy and could influence the Fed’s decision on interest rates.
In addition to economic data, investors will also be keeping a close eye on earnings reports from companies such as Oracle, Kohl’s, Dollar General, Adobe, and Ulta Beauty, among others.
Last week, the US markets saw a mixed performance, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all closing in the red. The two-year Treasury yield dipped slightly, while the US dollar weakened against the Japanese yen and euro. Crude oil prices fell, while gold prices rose.
Overall, investors are bracing for a volatile week ahead as they navigate through economic data, earnings reports, and global market trends. Stay tuned for updates on Wall Street as the week unfolds.
