the latest inflation data
The stock market fell on Wednesday as investors focused on the upcoming inflation data.
Amid signals of price cooling, Federal Reserve officials have recently stated that they may be nearing the point where they may halt on additional interest rate hikes. They said that the proof will be in the data. Rates will stay high, though, as the Fed continues to battle inflation and return the rate to its 2% objective. the latest inflation data
All of this comes up to the Fed’s September policy meeting. The futures market believes the Fed will keep rates constant next month to examine the progress it has made in raising rates from near zero to around 5% since early 2022. What occurs next is not universally agreed upon among futures dealers. Some expect another rate hike later this year, while others expect rates to remain unchanged.the latest inflation data
Fed policymakers will meet in Jackson Hole, Wyoming, later this month for their annual meeting, and all eyes will be on what they say for clues about the Fed’s course this fall.the latest inflation data
Consumer Price Index
Here are three factors that might have an impact on markets tomorrow:
1. Report on Inflation
The July consumer price index figures are scheduled to be released at 8:30 ET (12:30 GMT). Analysts predict that the headline figure will grow 0.2% for the month and 3.3% for the year to July. The core CPI is predicted to grow 0.2% month on month and 4.7% year on year.the latest inflation data
Midday stock movers include Roblox, Penn Entertainment, Upstart, and others.
2. Krispy Kreme Doughnuts
Krispy Kreme Inc (NASDAQ: DNUT) is predicted to announce profits per share of 7 cents on revenue of $410.7 million.
3. Polo Ralph Lauren
Ralph Lauren Corp Class A (NYSE: RL) is predicted to announce profits per share of $2.13 on $1.5 billion in revenue.
