Traders turn their focus to the Fed's rate cut, and U.S. stocks rebounded with three major indexes rising by more than 1%

Odaily Odaily News: As traders focus on Wednesday's inflation data and the Federal Reserve's possible interest rate cut next week, U.S. stocks are expected to end a four-day losing streak on Monday caused by growing concerns about an economic slowdown. The three major stock indexes all rose by more than 1%, with 10 of the 11 sectors of the S&P 500 index rising. "Although the weak labor market and a potentially weakening U.S. economy continue to put pressure on the market, the dip-buying reaction to market weakness continues to support the stock market," said Ivan Feinseth, chief investment officer of investment bank Tigress Financial Partners. Following last Friday's data showing that U.S. hiring in August was lower than expected, Wednesday's CPI report may provide Fed officials with assurances that inflationary pressures are stabilizing. The U.S. presidential debate between Vice President Harris and former President Trump on Tuesday night may inject some uncertainty into the market this week. (Jinshi)