U.S. stocks opened slightly higher on Monday as investors turned their focus to a new round of inflation data that could shape the Federal Reserve’s next move on interest rates.

The cautious start reflected a market that is still looking for clearer signals on whether price pressures are cooling enough to give policymakers room to adjust borrowing costs later this year. Traders appeared reluctant to make large bets before the figures are released.

Market participants are watching the data closely because inflation remains one of the biggest factors influencing expectations for monetary policy, corporate earnings, and consumer spending. Any surprise in the readings could quickly shift sentiment across equities, bonds, and currencies.

For now, Wall Street is moving in a narrow range as investors wait for more clarity. The latest numbers may help determine whether the central bank keeps policy tight or begins preparing for a less restrictive stance.