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Stocks Rise Ahead of Key Inflation Data and Apple Event This Week

  • Consumer price index (CPI) data for August is the main focus this week ahead of the Federal Reserve's policy meeting.

  • Apple is hosting an event on Tuesday expected to unveil the new iPhone 15 and other devices.

  • Energy commodity prices like crude oil and fuel futures rebounded Monday after starting slow overnight.

  • Technology stocks led the market higher Monday as traders prepared for a busy week of data releases.

  • U.S. stock futures rose Monday, with investors looking ahead to inflation numbers and other economic indicators this week.

barrons.com
Relevant topic timeline:
The main event to watch this week is the latest inflation data, which will precede the Federal Reserve's September policy meeting.
The Consumer Price Index is expected to show an increase in inflation in August, with headline inflation rising to 3.6% and core inflation easing to 4.4%, but the market is accustomed to this trend and the Federal Reserve is unlikely to change its rates at the upcoming meeting.
The release of the US Consumer Price Index (CPI) for August is expected to impact the crypto market, particularly Bitcoin, depending on overall financial market volatility and whether core CPI surprises to the upside or downside.
Apple's iPhone 15 release provides insights into the global economy, with investors monitoring sales impact on the stock.
Investors in the week ahead will focus on the release of the Consumer Price Index (CPI) for September, third quarter earnings reports from companies like Pepsi, Delta, and JPMorgan, and insights from the Federal Reserve's September meeting minutes.
Both the consumer and producer prices indices are set to be released this week, providing investors with another look at US inflation data, with expectations of a gradual decrease in inflation as crude oil and gasoline prices drop. Additionally, the impact of weight loss drugs on grocery sales is being monitored, with companies like Walmart and Coca-Cola experiencing fluctuations in stock prices.