Softer U.S. inflation boosts hopes for Fed rate cuts, stock futures mixed during holiday
U.S. consumer prices rose less than expected in January, strengthening expectations that the Federal Reserve will lower interest rates later this year. With markets closed for Presidents Day, futures in Dow, S&P 500 and Nasdaq showed mixed moves amid recent tech volatility.
Why it matters
Lower interest rates can lift stock portfolios and 401(k)s by lowering borrowing costs and encouraging investment.
The big picture
This week starts with renewed rate-cut hope and tech at a crossroads.