Markets Cautious Ahead of Inflation Data; Earnings and Economic Reports Also in Focus
• Markets paused mid-week ahead of Friday's PCE inflation data report
• Cintas reported strong fiscal Q3 earnings results, beating estimates
• Pending home sales, consumer sentiment, GDP, and jobless claims data also due this week
• Friday’s PCE report expected to show inflation remaining near 2% target rate
• If PCE shows further inflation decline, could firm expectations for a rate cut