
Stocks were shaky to start the week, with the main indexes spending the majority of Monday in negative territory. Investors are on edge ahead of tomorrow morning's release of the February Consumer Price Index (CPI), especially after recent hotter-than-anticipated inflation readings pushed back expectations for the Federal Reserve's first interest-rate cut.
The February CPI "should alleviate concerns that inflation is reaccelerating after the January data," writes Stephen Juneau, economist at BofA Securities, in a note to clients.