Wall Street weakens as bond yields ease ahead of inflation report

NEW YORK — U.S. stock indexes are swinging from gains to losses on Tuesday, as traders make their final moves before several potentially market-moving reports later in the week.

The question hanging over Wall Street is whether inflation will cool enough to convince the Federal Reserve to deliver the cuts to interest rates that traders are craving and have been betting on. Some doubts have crept in following a series of hotter-than-expected reports on the economy, and traders are now expecting just two or three cuts to rates this year. Some are even talking about the possibility of zero cuts.

Strategists at Bank of America are looking for Wednesday’s inflation update to show a cooldown after ignoring food and energy prices, which can zigzag sharply. Such a result would likely increase traders’ expectations for a cut to rates in June, which the market currently sees as slightly better than a coin flip’s probability.

Besides oil, prices for metals have also been rising this year, and gold in particular has hit records. Mining companies were helping to lead the S&P 500 with some of the bigger gains in the index. Newmont rose 2.4%, and Freeport-McMoRan gained 2.2%.

پاکستان تازہ ترین خبریں, پاکستان عنوانات

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