Stock Market Watches PCE, Interest Rate Cut Forecast, Retail Profits: 3 things

Stocks (^DJI, ^IXIC, ^GSPC) are eager to end the final trading week in May on a high ahead of the Federal Reserve’s preferred inflation data, the Personal Consumer Expenditures Price Index (PCE), which will be released on Friday, May 31.

Investors are withdrawing their forecasts for potential interest rate cuts in September as more Fed officials seek greater clarity in fresh inflation data.

Costco ( COST ), Best Buy ( BBY ) and Dollar General ( DG ) are just some of the major retailers set to release earnings reports this week.

For more expert insights and the latest market action, click here to watch the full Morning Brief episode.

This post was written by Luke Carberry Mogan.

Video transcription

Let’s get to the three things you need to know this morning, the trading day action plan that funds Jared Jennifer Shaber and Madison Mills.

Correct.

Brad’s stop features are mixed ahead of a busy week for investors, with key inflation data in major markets poised for strong gains at the end of the month.

With lower inflation readings in early May and better-than-expected earnings reports helping to improve market sentiment.

We’ll see if the market momentum continues and the great debate continues.

Investors are tempering expectations about whether the Federal Reserve will make its first interest rate cut by September Minneapolis, President Neal Cash Car said in an interview with C NBC on Tuesday The central bank needs to see significant progress on inflation before cutting rates.

Investors will gain more clarity about when the Federal Reserve might start cutting interest rates when the personal income and spending report is released on Friday and we get new information about consumers.

This week we have costs.

So many retailers are set to report quarterly results in the next few days, and investors will continue to watch closely for any signs of weakening consumer spending resilience.

After recent reports from Macy’s and Lowe’s revealed that consumers are cutting back on some purchases.