Business & Finance
Markets face key inflation data and Apple launch event, CNBC reports
Investors await critical August inflation numbers and Apple's product event, according to CNBC.
The short version
- Upcoming August producer and consumer price indices arrive on Thursday and Friday, ahead of the mid-September FOMC policy meeting.[CNBC]
- Federal Reserve Governor Christopher Waller indicated he would consider raising interest rates if incoming inflation figures come in hot.[CNBC]
- Apple will host its annual product showcase on Wednesday, marking John Ternus's first major presentation since succeeding Tim Cook as CEO.[CNBC]
- A potential Apple foldable smartphone is expected to cost over $2,000, according to reporting cited by Bloomberg News.[CNBC]
Key facts
- The August producer price index is scheduled for Thursday and the consumer price index is set for Friday.[CNBC]
- FactSet consensus estimates project a 0.4% monthly rise for PPI and a 0.36% monthly increase for CPI.[CNBC]
- Fed Governor Christopher Waller said his monetary policy stance will depend heavily on August inflation metrics, noting he would consider a rate hike if figures run hot.[CNBC]
- Apple will hold its annual hardware launch on Wednesday under new CEO John Ternus, who took the helm on September 1.[CNBC]
- Bloomberg News reported that Apple's anticipated foldable phone is expected to be priced well north of $2,000.[CNBC]
- Market research firm IDC expects Apple to ship over 17 million foldable iPhones by 2027.[CNBC]
What remains uncertain
Sources
Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.