CPI, S&P 500 and Data
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Bank of America isn't alone in thinking that August's CPI inflation will be higher than July's. The Wall Street consensus estimate also expects headline CPI to rise 2.9% year over year. If you strip out volatile food and energy, core CPI is predicted to be 3.1%, in line with July's increase.
Wall Street giants expect a rise in headline CPI inflation to 2.9%. Will Bitcoin price maintain its upside momentum after latest breakout?
The CPI hits on Thursday with eyes on prices amid a weak labor market. Kroger earnings could benefit from a switch to value. Wedbush’s top AI trades through the end of the year.
Wall Street's main indexes notched record-high closes on Thursday following gains in Tesla and Micron Technology, while U.S. inflation and jobless data fueled expectations that the Federal Reserve will cut interest rates this month.
US stock market futures moved higher on Thursday as the Dow Jones, S&P 500, and Nasdaq all traded in green before the release of the August CPI inflation data. Dow futures rose 76 points, while S&P 500 and Nasdaq futures added about 0.
It's not just Wall Street that's enjoying record stock markets. Bourses in Japan, South Korea and Taiwan closed Thursday at fresh peaks as equities across the region were buoyed by the AI-driven rally for technology plays and investors welcomed the prospect of lower U.
Wall Street's main indexes rose on Thursday, hitting record highs, lifted by gains in Tesla and Micron Technology, after U.S. inflation and jobless data fed market expectations that the Federal Reserve will cut interest rates this month.