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Weather’s role in wildfires in Atlantic Canada | SaltWire #weather #climatechange #wildfireseason - Futures for the main U.S. indexes were slightly higher on Monday, after several weeks of gains, as investors awaited key inflation figures this week to gauge the likelihood of interest rate cuts this year.
The keenly awaited inflation data on Wednesday is expected to show that core consumer prices rose 0.3% on a month-over-month basis in April, for an annual rise of 3.6%, according to economists forecasts in a Reuters poll. While Fed policymakers in recent days have reassured markets that the next move is not a rate rise, the timing of the first rate cut remains uncertain. Cleveland Fed President Loretta Mester is scheduled to speak later in the day.
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