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U.S. stock futures were lower Sunday evening after a rough week for stocks.

S&P 500 Index Futures fell 0.1%, while Nasdaq 100 Futures down 0.2%. Futures linked to the Dow Jones Industrial Average It fell 59 points, or nearly 0.2%.

September is a seasonally slow month for the stock market, and stocks suffered heavy losses starting in the first week of September. this S&P 500 Index It fell 4.3%, marking its worst week since March 2023. Nasdaq Index Plunged 5.8%, its worst weekly performance since 2022, while 30 stocks Dow Chemical down 2.9%.

These declines come after a jobs report in August raised concerns about a slowdown in the labor market. Economic data released Friday showed nonfarm payrolls Growth of only 142,000missing the 161,000-point gain expected by economists polled by Dow Jones. On the other hand, the unemployment rate fell slightly to 4.2%, as economists expected.

This week, investors will be watching two important inflation reports that could further inform the Federal Reserve’s decision at its next Open Market Committee meeting. The consumer price report and producer price report for August are scheduled to be released on Wednesday and Thursday morning respectively.

The market currently predicts a 71% chance that the Federal Reserve will cut interest rates by 25 basis points at its next meeting, and a 29% chance of a 50 basis point interest rate cut. CME Group Fed Watch Tool. However, Vincent Deluard, director of global macro strategy at StoneX, believes that even if the consumer or producer price report is weaker than expected, it will not be enough to stimulate a deeper interest rate cut.

“CPI will remain consistent with the consensus and will not change direction, and PPI will no longer be that important,” he told CNBC. “Of course Powell wants to cut rates, but he is a reasonable man. A 50 basis point cut in September… …Why take this risk?”