© Reuters.
Investing.com — The Dow eked out a gain Monday, as investors looked ahead to upcoming inflation data that will likely shape the Federal Reserve’s interest rate outlook.
By 16:00 ET (21:00 GMT), the was up 46 points, or 0.1%, fell 0.1%, and slipped 0.4%.
CPI data awaited for more rate cut cues
The data, due on Tuesday, will be studied carefully for more cues on the path of U.S. interest rates and the economy.
The reading is expected to show some easing in inflation after outsized CPI readings for the past two months, although the annual is still expected to remain well above the Fed’s annual 2% target.
The data is set to arrive in the wake of a strong employment that forced some market participants to ditch their call for a May rate hike, with June now more likely.
“We now expect the first rate cut to come at the June FOMC meeting. Chair Powell’s testimony this week was fairly balanced, however, and…
