U.S. August CPI, corporate earnings and Apple event set week's market agenda

  • The Bureau of Labor Statistics will release August CPI data Friday.
  • August payrolls rose 162,000, while futures markets priced September rate-hike odds near even.
  • AAA reported U.S. diesel prices at a record $5.85 per gallon Friday.

The August Consumer Price Index due Friday will be Wall Street's central test after U.S. payrolls rose by 162,000 in August, nearly triple the 55,000 consensus forecast, leaving futures markets pricing the odds of a September Federal Reserve rate increase at roughly even. Thursday's producer-price report is expected to show a 0.4% monthly headline increase, a 0.3% core gain and 5.2% annual inflation. Oracle's earnings will scrutinize its debt-funded data-center expansion, while Apple's expected iPhone 18 Pro, Pro Max and foldable iPhone launch, retail earnings and record U.S. diesel prices will also shape trading.

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