US Stocks Rise Before Data from the Consumer Price Index
As investors anxiously await Tuesday’s publication of the Consumer Price Index (CPI) data, US markets moved upward a little on Monday. The report is being closely watched by the stock market since it might affect the Federal Reserve’s next policy choices.
Consumer Price Index for January is anticipated to decline even more
The main Consumer Price Index is anticipated to decline to an annual rate of 6.2% in January from 6.5% in December, according to experts surveyed by Bloomberg. Despite this, Jerome Powell, the chairman of the Federal Reserve, has cautioned that inflation is unlikely to go away fast or easily.
The worst week of the year for the S&P 500
With a 1.1% decline over the course of five days last week, the S&P 500 had its worst five-day run of the year thus far.
Important Earnings This Week
This week, a number of well-known companies, including Airbnb, Coca-Cola, Kraft Heinz, and AIG, will report their financial results.
Commodities, bonds, and cryptocurrency market watch
Bonds and commodities are also being attentively watched by investors in other market developments. Many people are still interested in learning more about the crypto industry.