Economic data, rate worries, Harris on Fed: 3 Things
Stock futures (^DJI, ^IXIC, ^GSPC) appear cheery and in positive territory ahead of Monday's market open in anticipation of this week's Producer Price Index (PPI), Consumer Price Index (CPI), and other economic data due out this week.
Bank of America (BAC) CEO Brian Moynihan is urging Federal Reserve officials to cut interest rates, warning elevated rates could "dispirit" American consumers in an interview with CBS.
Vice President Kamala Harris will be pushing for an independent Fed and vows not to interfere with the central bank's monetary policy, contrasting with former President Donald Trump's views on the relationship between the Fed and the executive branch.
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This post was written by Luke Carberry Mogan.