From Investing.com: 2024-11-10 06:21:55

Investors are waiting for U.S. inflation data on Wednesday to see if Trump’s policies will lead to inflation. Economists predict CPI to match September’s annual rate increase. Trump’s election may impact Fed rate cuts, but Powell gave no clear direction after last week’s cut.

The stock market hit record highs after Trump’s win, with the index surging. A positive economic outlook from the Fed also boosted sentiment. The market’s rally will be tested by this week’s inflation data, which could impact the central bank’s ability to cut rates further.

Inflation numbers will be followed by speeches from Fed officials. Powell’s remarks on Thursday will be closely watched. Bitcoin is nearing $80,000, driven by expectations of crypto-friendly regulations under Trump. Oil prices fell on Friday but still ended the week higher, boosted by expectations of tighter sanctions under a Trump administration.



Read more at Investing.com: Top 5 things to watch in markets in the week ahead By Investing.com