Posted 3/11/2024, 9:30:00 AM
Stocks Set for Lower Open Ahead of Key Inflation Data That Could Sway Fed Rate Hike Plans
- U.S. stock futures point lower to start the week; inflation data on Tuesday could impact Fed rate hike outlook
- Economists expect February CPI to rise 0.4% monthly; core CPI seen slowing to 0.3%
- Gold prices steady just below record highs; bullion boosted by Fed rate cut hopes
- Bitcoin hits new all-time high above $70,400; crypto demand rising despite 2021 "crypto winter"
- Oil prices muted amid slowing Chinese demand and uncertainty over U.S. rates path
