Inflation figures key for stock market trajectory

Inflation pressures: A television screen shows the rate decision of the Fed as traders work on the floor of the New York Stock Exchange. — AP

NEW YORK: Next week’s US inflation print looms as key for the trajectory of equities and wagers on US Federal Reserve (Fed) interest rate cuts, according to Morgan Stanley strategists.

Inflation figures for April due on May 15 will offer fresh insights about the US economy after employment data last Friday showed the labour market is cooling.