 They're continuing to watch for any hints on when the Fed might lower interest rates. The Fed has been keeping them high for longer in an effort to bring inflation to its 2% target. And last week in testimony on Capitol Hill, Powell said at this point an interest rate hike is unlikely. But the Fed wants to see continued evidence that inflation is headed back toward 2% before cutting rates. Powell is keeping a close eye on the labor market. He doesn't want to keep rates too high for too long.