Wall Street is expected to rebound on Tuesday morning, even if the markets lack a little direction after the recent bullish 'rally' which took the indices to record levels last week.

Half an hour before the opening, futures contracts on the main New York indices advanced by 0.1% to 0.3%, heralding a green start to the session after their limited decline the previous day.

Early this morning, the Commerce Department reported a 1.4% rebound in durable goods orders in February, following a 6.9% sequential drop in January.

Excluding the usually erratic transportation sector, where orders rebounded by 3.3% in February, durable goods orders rose by just 0.5% over the period.

Investors are now awaiting the Conference Board's consumer confidence index, which will provide a snapshot of current US household sentiment.

Market participants are paying particular attention to economic indicators, looking for signs of confirmation of the soft-landing scenario so dear to them.

'Investors are now focusing more on growth than on inflation', which is in the process of normalizing worldwide, points out Erik Knutzen, Investment Director at Neuberger Berman.

Nevertheless, the highlight of the week will be February's household income and spending statistics, which will be accompanied on Wednesday by the 'PCE' component of prices, the Fed's preferred measure of inflation.

These figures will help refine forecasts for the Federal Reserve's next decisions, at a time when over 64% of traders are considering a rate cut in June, according to the CME's FedWatch barometer.

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