Stock Futures Ride the CPI Wave of Surprise
When the Consumer Price Index decided to take a chill pill, the U.S. stock market’s futures jumped out of bed and started a celebratory dance.
Inflation’s Cool Drag Boosts Rate‑Cut Hopes
The latest numbers showed a gentler rise in prices, sparking optimism that the Federal Reserve might slash rates in September. In fact, analysts now believe there’s more than a 70% chance of a cut, flashing a hopeful glow across the trading floor.
Megacap Stars Shine (and Spark Cloud Buzz)
- Oracle advantage: Shares perked up as demand for its cloud services goes through the roof. The market’s focus is on the new cloud contracts Oracle signed with tech giants Google and OpenAI. Even though the latest quarterly results weren’t a perfect storm, the buzz around the cloud deals keeps numbers on a high trajectory.
- Other megacaps…well, they’re not resisting the tide; they’re riding it.
The Fed Still in the Spotlight
While most expect the Fed to keep rates steady after today’s meeting, investors are queuing up for the Fed’s economic outlook and speeches from Chairman Jerome Powell. His words could steer the next policy pivot.
Watch out: A hawkish remark might trigger a market wobble, possibly nudging prices downward after a robust opening.
What to Expect as the Day Winds Down
By the session’s end, volatility could spike as traders digest the Fed’s signals. Keep an eye on the markets—they’re on a roller coaster, and the ride’s just getting started.
