Stocks slightly lower Monday morning, as market participants braced for a likely cut in interest rates for the first time in more than a decade.
The focus is largely attuned to the Federal Reserve, with policymakers at the U.S. central bank set to announce a quarter-point rate cut on Wednesday.
Traders are also likely to closely monitor whether the central bank will signal more cuts over the coming months. Economists anticipate anywhere from one to three rate cuts this year.
The U.S. and China are set to meet in Shanghai this week for their first face-to-face talks since a G20 truce last month. Unfortunately, expectations for the world’s two largest economies to secure a comprehensive trade agreement are low.
