'Priced for Perfection': US Stocks See Rally Stall as Investors Take Cautious Stance on Inflation and Earnings Expectations
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Stock futures remained largely unchanged as investors and Wall Street prepared for Federal Reserve Chair Jerome Powell's second round of testimony on Capitol Hill. Powell hinted at the central bank's readiness to adjust, but emphasized that the Fed is not yet prepared to initiate rate cuts. Investors are parsing through Powell's words for clues on the Federal Reserve's next moves. Key economic indicators and corporate earnings reports, including jobless claims data, trade balance figures, and consumer credit reports, are also on the horizon. The culmination of Powell's testimony, along with economic data and corporate earnings, is a critical week for investors and the broader economy. Market participants are keenly awaiting any hints of rate cuts, which could have implications for borrowin...
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