Page de couverture de CPI heats, Fed cut in focus, Oracle fuels rally

CPI heats, Fed cut in focus, Oracle fuels rally

CPI heats, Fed cut in focus, Oracle fuels rally

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 US inflation came in slightly hotter than expected in August, with headline CPI up 0.4% month over month and core CPI up 0.3%, keeping annual inflation at 2.9% headline and 3.1% core. The data underscores sticky price pressures in services and shelter, while food and apparel show tariff-driven gains. Still, markets expect the Fed to cut rates by 25 basis points next week as jobless claims hit a four-year high. Stocks continue to hover near records, with Oracle (ORCL) powering the AI trade after its blowout forecast. Klarna’s ([KLAR]) IPO delivered a 43% pop before easing, and blockchain lender Figure ([FIGR]) prices its debut at a $5.3B valuation. In trending tickers, Opendoor (OPEN) jumps on leadership changes, Kroger (KR) beats on food sales, and Centene (CNC) rallies on Medicare quality ratings. Takeaways: CPI rises 0.4% in August; inflation still above Fed’s 2% target Fed expected to cut 25 bps next week despite sticky services prices Oracle leads AI-fueled rally; Klarna and Figure highlight IPO momentum Opendoor, Kroger, and Centene move on leadership, earnings, and health ratings Yahoo Finance's flagship show, Morning Brief, is your go-to source for smarter investing and market moves. Thoughts? Questions? Fan mail? Please email us at yfpodcasts@yahooinc.com. Learn more about your ad choices. Visit megaphone.fm/adchoices
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