CPI Report, Oracle Earnings, Diesel Prices, and Apple Event Headline a Busy Week for Markets

TLDR

• Friday’s CPI report could push the Fed to raise interest rates at its September meeting
• The US added 162,000 jobs in August, well above the 55,000 forecast
• Oracle shares are down nearly 20% this year amid debt concerns tied to its data center expansion
• US diesel prices hit an all-time high of $5.85 per gallon driven by the Iran conflict and Russian supply cuts
• Apple is set to unveil the iPhone 18 Pro and a foldable iPhone under new CEO John Ternus

Friday’s Consumer Price Index report for August is the most-watched event of the week. Economists expect a 3.4% year-over-year increase, matching July’s figure. The core CPI is forecast to rise 2.4%, which would be the slowest pace since March 2021.

Key Events This Week:

1. US Markets Closed, Labor Day – Monday

2. US 10Y Note Auction – Wednesday

3. August PPI Inflation data – Thursday

4. August Existing Home Sales data – Thursday

5. August CPI Inflation data – Friday

6. September MI Inflation Expectations data -…

- The Kobeissi Letter (@KobeissiLetter) September 6, 2026

… Continue reading the full article at the original source below.