NEW YORK >> Wall Street’s main indexes ended lower today as investors anxiously await inflation data this week to assess the outlook for interest rates and eye U.S.-China trade developments.

Investors expect the recent shakeup at the Federal Reserve and signs of labor market weakness could nudge the central bank into adopting a dovish monetary policy stance later this year, fueling much of the optimism.

July’s consumer inflation report is due on Tuesday, and investors anticipate that the Fed will lower borrowing costs by about 60 basis points by December, according to data compiled by LSEG.

“The inflation data is starting to embody the more direct tariff impacts on the consumer, raising concern that inflation will remain sticky,” said Eric Teal, chief investment officer at Comerica Weal

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