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US STOCKS-Wall St set to rise as traders hold on to rate-cut bets after inflation data

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Wall Street was set to open higher on Tuesday, as traders held on to bets that the Federal Reserve will cut rates in the coming months following inflation data. A Labor Department report showed the Consumer Price Index (CPI) rose 0.4% on a monthly basis in February, in line with the 0.4% increase expected by economists polled by Reuters. “We’re on a glide path to a June rate cut and I don’t think that there’s any kind of change to that yet,” said Robert Pavlik, senior portfolio manager at Dakota Wealth.

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