(Bloomberg) — US stocks advanced at the start of a pivotal week for monetary-policy decisions from the Federal Reserve, European Central Bank and a host of their peers.
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The S&P 500 rose more than 1%. The tech-heavy Nasdaq 100 also climbed after fluctuating earlier in the session. US Treasury yields climbed, with the 10-year rate around 3.61%. The dollar advanced.
All eyes will be on the US consumer price index reading on Tuesday, which is expected to show prices, while still high, are continuing to decelerate. A subdued CPI print would justify the Fed’s projected half-point move on Wednesday and shed light on whether markets can expect rate cuts in late 2023. While central bank officials have indicated a downshift, they have also emphasized that borrowing costs will need to remain restrictive for some time.
“We need to keep the optimism in perspective —…
