The US August CPI and PPI releases are scheduled for this week, with the Federal Reserve's interest-rate outlook expected to be the market's focus. Oracle and Adobe are also scheduled to report earnings, drawing attention to AI demand trends and US consumer spending.
The US market calendar this week includes a series of releases of the August Consumer Price Index (CPI) and Producer Price Index (PPI). These inflation indicators are expected to affect the market's interest-rate outlook ahead of the September FOMC meeting, and continued easing in inflationary pressure could raise expectations for monetary easing.
Oracle and Adobe, meanwhile, will report earnings after the close on 10 September. The market is focused mainly on OCI growth, demand for AI cloud services and progress in commercialising generative-AI products, with the key question being how trends in AI investment will be reflected in their earnings outlooks.
The 7–11 September schedule includes a day when US stock markets will be closed for the Labor Day holiday. The New York Fed's Survey of Consumer Expectations and GameStop's earnings are scheduled for 8 September, while ECEC data are due on 9 September.
The PPI and CPI release dates, 10 September for PPI and 11 September for CPI, could also affect the outlook for Federal Reserve interest-rate policy. Depending on the inflation data, the market will assess the direction of long-term interest rates and the dollar.