The markets remain in anticipation before more signals from the Federal Reserve this week, specifically its latest meeting minutes and speeches from several officials, as investors trade amid uncertainty about interest rates.
While weak consumer inflation readings for April somewhat boosted Wall Street, a significant number of Federal Reserve officials have cautioned that the bank still needs more confidence that inflation is declining before it can begin cutting interest rates.
Federal Reserve Bank of Richmond President Tom Barkin and Federal Reserve Bank of New York President John Williams are scheduled to speak later on Tuesday. Both officials are members of the Federal Reserve’s interest rate-setting committee.
The central bank is expected to start cutting interest rates by September, although this will also largely depend on the trajectory of inflation.
