The Week Ahead: CPI Inflation Data, Oracle Earnings, and Record Diesel Prices Set to Drive Markets

TLDR

• August CPI report due Friday could push the Fed toward a September rate hike after a stronger-than-expected jobs report
• The US economy added 162,000 jobs in August, far above the 55,000 forecast
• Oracle reports earnings Thursday; shares are down nearly 20% this year on debt concerns
• US diesel prices hit an all-time high of $5.85 per gallon, driven by the Iran conflict and Russia-Ukraine war
• Apple is set to unveil the iPhone 18 Pro and a foldable iPhone at its Wednesday product event

This week, investors face a packed schedule of inflation data, major earnings, and rising energy costs that could all move markets.

The most-watched event is Friday’s Consumer Price Index report for August. After the US economy added 162,000 jobs last month, well above the 55,000 forecast, the question is whether inflation data will push the Federal Reserve to raise interest rates in September.

Fed Chairman Kevin Warsh has kept price stability at the center of his agenda. Inflation has now run above the Fed’s 2% target for roughly five years.

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