Key Takeaways
- The Consumer Price Index will give investors a look at inflation in August, while consumer credit and wholesale pricing data could also influence markets.
- Apple is expected to unveil the new iPhone 16 at a Monday event, while Nvidia, Walmart, Advanced Micro Devices and other tech companies will participate in a Goldman Sachs event.
- GameStop earnings lead a schedule of reports including Oracle, Adobe, and Kroger.
The August report of the Consumer Price Index (CPI) will give one last look at inflation before a key Federal Reserve meeting later this month. Wholesale pricing, consumer credit, and꧅ small business optimism are among the other economic data points scheduled for th🍰is week.
Apple (AAPL) is expected to 澳洲幸运5官方开奖结果体彩网:unveil its new AI-powered iPhone at a product launch event on Monday. Nvidia (NVDA), Walmart (WMT), and Advanced Micro Devices (AMD) will participate in a Goldman Sachs (GS) technology event throughout the week. GameStop (GME) financials highlight the corporate earnings schedule this week, with Oracle (ORCL) and Adobe (ADBE) also reporting this week.
Monday, Sept. 9
- Wholesale inventories (July)
- Consumer credit (July)
- Goldman Sachs Communacopia & Technology Conference begins
- Apple event
- Oracle reports earnings
Tuesday, Sept. 10
- NFIB Small Business Optimism Index (August)
- GameStop Academy Sports and Outdoor (ASO), Dave & Buster’s Entertainment (PLAY), and Petco Health and Wellness (WOOF) report earnings
Wednesday, Sept. 11
Thursday, Sept. 12
- Initial jobless claims (Week ending Sept. 7)
- Producer Price Index (August)
- Monthly U.S. federal budget (August)
- Adobe and Kroger (KR) report earnings
Friday, Sept. 13
- Import/export price index (August)
- Consumer sentiment - preliminary (September)
Inflation Data Comes Ahead of Fed Meeting
The Wednesday release of the 澳洲幸运5官方开奖结果体彩网:August Consumer Price Index (CPI) will give Federal Reserve officials one last data point on inflation before the Sept. 17-18 meeting of the 澳洲幸运5官方开奖结果体彩网:Federal Open Market Cﷺommittee (FOMC💦).
The July data showed that price increases stepped back to an 澳洲幸运5官方开奖结果体彩网:annual rate of 2.9%. While the Fed is widely expected to begin cutting interest rates at ✅the Septemb💧er meeting, changes in inflation data could influence the pace of the Fed’s future rate cut schedule.
Following the CPI data, market watchers will get insight into future inflation trends with the Thursday release of the wholesale-focused 澳洲幸运5官方开奖结果体彩网:Producer Price Index (PPI).
Anticipated Apple Product R꧅elease, GameStop Earnings, Gold♋man Tech Conference Lead Corporate Events
Apple will kick off the week with a product launch event on Monday, where it is 澳洲幸运5官方开奖结果体彩网:expected to unveil the new iPho🤪ne 16 which includes 澳洲幸运5官方开奖结果体彩网:artificial intelligence (AI) technology upgrades, and new versions of both the Apple Watch a🧔nd AirPods.&nbs🅠p;
Also on Monday, the Goldman Sachs Communacopia & Technology Conference begins, with Advanced Micro Devices CEO Lisa Su delivering remarks on the opening day. Other top tech and finance companies are also participating in the four-day event, including Cisco (CSCO) on Tuesday, Nvidia, and Walmart on Wednesday, and Snowflake (SNOW) on Thursday.
Video game retailer GameStop’s Tuesday report will 澳洲幸运5官方开奖结果体彩网:highlight 📖the earnings calendar for the week. Other tech earnings include Oracle, which reports on Monday, while Adobe’s report on Thursday will highlight whether the company has been able to capita🐼lize on its AI product offerings.&nꦛbsp;
Oxford Indust♛ries’ report on Wednesday will shine a light on sales of clothing brands like Tommy Bahama, Southern Tide and Lilly Pulitzer, while earnings from Designe෴r Brands highlight footwear sales from Designer Shoe Warehouse, Keds and Hush Puppies.
Another noteworthy report comes Thursday from grocery store chain Kroger, which is currently fighting the 澳洲幸运5官方开奖结果体彩网:Federal Trade Commission’s (FTC) efforts to block its 澳𒅌洲幸运5官方ဣ开奖结果体彩网:proposed merger with rival Albertsons (ACI).