The latest inflation data will be the main event of this week, coming ahead of the Federal Reserve’s September policy meeting. Several investor days, one
All will speak to investors on Thursday.
Apple is hosting its product event on Tuesday, where it is expected to announce the iPhone 15 and other hardware.
The Bureau of Labor Statistics will release consumer price data for August on Wednesday morning. The consensus of economists calls for a 3.6% increase in the headline index over the year and a 4.4% increase in the core CPI, which does not include food and energy components. On Thursday, the BLS will release the producer price index for August.
The European Central Bank will announce its monetary policy decision on Thursday. Future value is supported by no change in interest rates.
Other economic data released this week include the National Free Trade Association’s Small Business Optimism Index on Tuesday, the Census Bureau’s retail sales data for August on Thursday, and the University of Michigan’s consumer sentiment index for September on Friday.
Monday 9/11
Oracle reported First Quarter Fiscal 2024 Results.
Tuesday 9/12
Apple has a press release Headquartered in Cupertino, Calif. The company is expected to announce details about the iPhone 15 as well as the new Apple Watch models.
National Federation of Independent Business It released its Small Business Optimism Index for August. The consensus call is for a reading of 91.3, slightly lower than July’s figure.
Wednesday 9/13
Modern hosts Its 2023 R&D date.
Bureau of Labor Statistics It releases the Consumer Price Index for August. Economists forecast a 3.6% year-over-year increase, up four-tenths of a percentage point from July. Core CPI, which includes variable food and energy prices, is expected to rise 4.4%, following a previous increase of 4.7%. CPI in 2010 That’s nearly six percentage points lower than the June 2022 peak of 9.1%.
Thursday 9/14
Adobe, Copart, and Lennar outstanding earnings.
brown and brown, Ecolab and Laboratory Corporation of America Holdings hold investment dates.
Bristol Myers Squibb It hosts the 2023 R&D Day.
Current contract Between United Automobiles and the Big Three Automobiles Expires at 11:59 pm Eastern. The UAW authorized a strike if no contract was agreed upon by the deadline. The current contract covers about 150,000 workers.
European Central Bank Monetary policy decision announced. Traders are pricing in three possibilities for the central bank to raise its key short-term interest rate by a quarter of a percentage point to 4 percent. ECB It raised its target rate from negative 0.5% to 3.75% in just over a year.
Census Bureau reported Retail sales data for August. Consensus estimates are for a 0.2% increase on the month. Excluding autos, retail sales are seen growing by 0.5 percent. This compares to gains of 0.7% and 1% in July.
BLS will be released Producer Price Index for August. PPI is expected to increase 1.4% year-on-year, with core PPI seen gaining 3%. They increased by 0.8% and 2.4% in July.
Friday 9/15
University of Michigan It will release its consumer sentiment index for September. Economists forecast a reading of 69.4, even in August data. In that month, consumer expectations for inflation were 3.5 percent from a year ago.
– Dan Lam contributed to this article.
Write to Nicholas Jasinski at [email protected]
