Stock futures are flat as traders look ahead to key inflation data, Fed meeting: Live updates
Many investors point to the lack of participation outside of some mega-cap tech stocks as a reason to distrust the recent stock market rally. However, signs of easing inflation have some investors hoping the momentum can continue.
"I think [this week] is almost one of these big comeuppance moments because if the Fed essentially acknowledges that there's been progress on inflation, we have a June pause and maybe even a July pause, I think it's going to be a green light for some of those groups to finally get a bid," Fundstrat's Tom Lee said Friday on CNBC's "Closing Bell.", the likelihood that the Fed will pause rate hikes in its June meeting currently stands at about 70%.
Investors will also be watching for Tuesday's consumer price index, as well as monitoring the Federal Open Market Committee meeting.The majority opinion on Wall Street is next week's Federal Reserve policy meeting will bring no formal action, and a lot of stern talk about a commitment to bring down inflation further leaves open the option to resume raising rates at the central bank's July meeting.
The betting is also that the latest inflation reading for May that will be reported Tuesday, just as the two-day Fed meeting gets underway, will show additional progress in the fight against higher prices.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Wall Street drifts higher, marking 4th winning week for S&P 500Stocks are drifting toward a fourth straight winning week on Wall Street Friday, as investors wait for next week's slate of potentially market-moving updates.
Read more »
Goldman Sachs raises year-end S&P 500 target to 4,500, anticipating 5% upsideThe rally, previously concentrated among Big Tech names, is broadening, the firm said.
Read more »
S&P 500 bull market won't last, 99% chance of US recession: RosenbergThe bull market in stocks won't last long - and there's a 99% chance of a US recession, top economist David Rosenberg says
Read more »
NBA Finals live updates: Time, odds, TV channel, live stream for Nuggets-Heat Game 4Game 4 of the NBA Finals tips off at 8:30 p.m. ET in Miami. Follow along with our live blog for game highlights and all the latest on the Miami Heat and Denver Nuggets.
Read more »
Wall Street Week Ahead: Investors rethink recession plays, boosting U.S. stock market laggardsA U.S. stocks rally is showing signs of expanding beyond the cluster of giant growth and tech names that have led gains this year, as investors reposition portfolios primed for a widely expected recession.
Read more »