🔽 U.S. Stock Market in the Moment.

➠ S&P 500 and Nasdaq are declining against the backdrop of rising inflation expectations.

➠ The consumer sentiment index fell from 61.7 to 58.6 in August.

➠ Inflation expectations for the year ahead increased to 4.9%, and for 5-10 years – to 3.9%.

➠ All investor attention is focused on the upcoming meeting between Donald Trump and Vladimir Putin + Jerome Powell's speech at the central bank conference (August 22).

➠ Market expectations – at least 2 rate cuts by the Fed by the end of the year. But rising inflation may provoke a more cautious approach from the Fed regarding policy easing.