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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

  • Whether the Federal Reserve will raise rates at the September FOMC meeting remains contingent on August inflation data.[CNBC]
  • The final pricing and debut details for Apple's anticipated foldable smartphone remain unconfirmed ahead of the event.[CNBC]

Sources

Outlet counts describe coverage, not independent confirmation. Reports may share a wire service or original source.