Preview — Barron's
Monday 9/9
Two megacap software companies release earnings this week. Oracle announces quarterly results after the closing bell on Monday and Adobe does the same on Thursday.
Wednesday 9/11
The Bureau of Labor Statistics releases the consumer price index for August. Consensus estimate is for the CPI to increase 2.6% year over year, three-tenths of a percentage point less than in July. The core CPI, which strips out volatile food and energy prices, is expected to rise 3.2%, matching the July figure. The annual changes in the CPI and core CPI are at their lowest levels since spring of 2021. The CPI release is the last major piece of economic data before the Federal Open Market Committee meeting on Sept. 17-18, and may determine whether the FOMC cuts the federal-funds rate by a quarter or a half percentage point at that meeting.
Thursday 9/12
The European Central Bank announces its monetary-policy decision. The ECB is widely expected to cut its key short-term interest rate by a quarter of a percentage point to 3.5%. The ECB started its rate-cutting cycle in June, well before the FOMC, as euro-zone gross-domestic-product growth has been anemic.
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September 06, 2024 21:45 ET (01:45 GMT)
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