Apple iPhone event, inflation data and crypto upgrades shape September 7 week

  • Apple holds its annual hardware event Wednesday under CEO John Ternus, featuring iPhone 18 updates.
  • FactSet expects August CPI to rise 3.3% annually and 0.36% from July.
  • Federal Reserve policymakers meet September 15-16 after Thursday PPI and Friday CPI releases.

U.S. markets reopen Tuesday, September 8, after the Labor Day holiday, beginning a shortened trading week dominated by August inflation reports, Apple’s annual hardware launch and a series of investor conferences. The Producer Price Index is due Thursday and the Consumer Price Index follows Friday, days before the Federal Reserve’s September 15-16 policy meeting. FactSet economists expect headline PPI to rise 0.4% month on month and 5.4% annually, while headline CPI is forecast to increase 0.36% monthly and 3.3% annually. Those CPI forecasts revise earlier expectations of 0.4% monthly and 3.4% annually; core CPI is now expected to rise 0.2% monthly and 2.3% year on year. Fed funds markets were pricing roughly a 60% chance of a rate increase after a stronger-than-expected jobs report, although estimates had earlier fallen near 50-50 following comments from Fed Governor Christopher Waller. Apple will hold its Wednesday event under new CEO John Ternus, who replaced Tim Cook on September 1 while Cook became executive chairman. Investors will assess the iPhone 18 lineup, a possible foldable iPhone, pricing amid higher memory costs and the readiness of Apple Intelligence. Alphabet, Microsoft, Salesforce, CrowdStrike, Nvidia, Cardinal Health, Johnson & Johnson and Kimberly-Clark are among companies scheduled to address investor conferences, while Oracle and Adobe report earnings Thursday. Cryptocurrency markets remain continuously open, with Coinbase’s planned perpetual futures venue shift, Solana Transaction V1, the MultiversX Supernova upgrade, Fractal Bitcoin’s first halving, token unlocks and several industry events on the calendar. Investors also continue to watch for a possible Anthropic initial public offering filing, although its timing remains uncertain.

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