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I'm Kelly O'Grady, and this is the Fox Business Run Down.

Monday, July 1st, 2024, I'm Kelly O'Grady, and investors, they are awaiting a

cluster of economic indicators this week as the Fed remains cautious in the

country's inflation fight, but some experts believe action on a rate cut may be too little too late.

History tells us that that's what Central Banks often do is way too long and you talked about essentially Powell trying to avoid a second

mistake in the sense of having waited too long to begin increasing interest rates.

And so right now the Fed does not want to be tempting fate,

so to speak.

Well, this year's bull market is pushing major indices

to record highs, leaving Wall Street to debate if the trend can continue through the end of

2024. The robust performance may be a bit more complicated though when you dive into

which stocks are really propping up the majors. If you guessed AI, you would be right.

Now the Dow and S&P 500 showed slow gains on Monday as most await this

Friday's jobs report. Analysts are hoping that will give an indication as to when the Federal

Reserve will issue its first rate cut. Meanwhile the great pivot for the

inflation-pitched consumer is underway in the retail space.

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