Further weakening of the jobs market is the top worry for investors after last week's rate cut of 50 basis points, or half a percentage point, from the Federal Reserve, according to a survey of investors conducted by Piper Sandler's Michael Kantrowitz.

Federal Reserve Bank of Minneapolis President Neel Kashkari on Monday said he supported the U.S. central bank's recent interest rate cut, calling it the "right decision" in light of substantial progress on inflation and the risk of an increase in unemployment.

Having all but tamed inflation, the Federal Reserve is poised to do something Wednesday it hasn’t done in more than four years: Cut its benchmark interest rate, a step that should lead to lower borrowing costs for consumers and businesses.