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

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.