Stocks Pull Back Ahead of Key Inflation Data; Fed Officials Divided on Rate Cut Timing as Banks Prepare Earnings
• Futures ease back after strong rally a day earlier; inflation data later this week is key • Investors scale back rate cut expectations ahead of CPI and PPI figures • Atlanta Fed president stresses need to keep policy tight, but Fed governor signals willingness to support eventual cuts • Bank earnings from JPMorgan, Wells Fargo, BofA and Citi due Friday • HPE reportedly in talks to acquire Juniper Networks for $13 billion; HPE shares drop, Juniper surges