Wall Street is scrutinizing the June Consumer Price Index (CPI) report, which provides important insight into the inflation situation. Inflation fell by 0.1% month-on-month as experts expected it to rise 0.1% month-on-month, according to CPI data. Prices rose 3.0% annually, lower than the 3.1% expected.
Markets are pricing in rate cuts by the end of the year as the Federal Reserve continues to rely on data to evaluate its timing. The Nasdaq Composite Index (^IXIC) and S&P 500 (^GSPC) closed at all-time highs on Wednesday, and investors are watching closely to see how this news will impact the index’s gains. . As the focus on consumers continues, Costco (COST) stock is soaring after the retailer announced it would raise membership fees for the first time in seven years. Meanwhile, Delta Air Lines’ (DAL) stock has fallen after its second-quarter profit and third-quarter outlook fell short of analysts’ expectations.
Yahoo Finance’s trend tickers include SoundHound AI (SOUN), HubSpot (HUBS), and Nio (NIO).
The main guests are:
9 a.m. ET – Mark Zandi, Chief Economist, Moody’s Analytics
9:45 a.m. ET – Nicholas Owens, Morningstar Industrials Equity Analyst
10 a.m. ET – Lafayette College CIO Krishna Memani
10:45am ET – Kyle Stanford, Pitchbook Lead VC Analyst
11:20am ET – Ken Mahoney, CEO Mahoney Asset Management
