Fed Cut Anticipated, Inflation Cools; Earnings Ahead

Wall Street anticipates a higher open today, driven by expectations of a Federal Reserve rate cut. Inflation data showed a slight cooling, while consumer confidence and spending grew. However, consumer credit growth was weaker than expected. Investors will watch economic reports and earnings from major companies this week. Asian markets closed higher, with Chinas Shanghai Composite Index and Japans Nikkei two two five both seeing gains.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.