Good evening.
Market rally continues, a key inflation report drops on Tuesday, and the Ethereum Merge is coming this week.
Let's dive in.
Markets
Here are today's market moves:
What Happened?
U.S. stocks climbed on Monday, extending a recent rally on Wall Street.
Market sentiment is currently neutral, with investors divided on whether the worst is over for stocks this year.
The main focus for investors this week is the consumer price index (CPI) report for August, which drops on Tuesday.
The inflation report is expected to show that prices eased a bit in August as gasoline prices declined.
The crypto market climbed on Monday, with Bitcoin trading near $22,000. Investors are awaiting a major upgrade to Ethereum this week, known as the "Merge."
Catch Up
90%. That's the likelihood investors are placing on a 0.75% interest-rate increase by the Federal Reserve at its September meeting.
U.S. mortgage rates rise to 6%, the highest since 2008.
The Ethereum Merge is scheduled for September 15. The event could inject some much-needed optimism into the crypto market.