US stock futures were on a slight decrease today, following a six-week streak of gains. Optimism about the US economic resilience and the direction of monetary policy could continue to support the market.

However, traders could monitor the events unfolding during the next few days, with the Federal Reserve leading key central bank meetings. The Federal Reserve is expected to maintain its interest rates unchanged while attention could turn to the publication of its economic projections.

Meanwhile, expectations of a start in rate cuts in March have decreased to a certain extent following last week’s job market data, which could weigh on sentiment. However, this week’s inflation data and the Federal Reserve’s stance could significantly impact the stock market.

Traders could also focus on earnings releases from Oracle and Adobe, to be published on Monday and Wednesday respectively, although they might come second to the Federal Reserve’s meeting.

Thursday’s Costco earnings release could also provide a glimpse into the strength of consumer sentiment and demand.

Source: London Loves Business