US Inflation Cools Again

CPI | Nvidia rallies | Presidential debate

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Market Headlines 👀 

  • US CPI comes in cooler at 2.5% YoY for the month of August.

  • US PPI report will be released tomorrow morning at 8:30 a.m. EST.

  • Nvidia (NVDA) CEO Jensen Huang spoke at the Goldman Sachs tech conference today addressing Blackwell and more.

  • Open AI is in talks to raise $6.5b at a $150b valuation.

  • US traders scaled back their bets on Trump following the debate yesterday.

  • Amazon (AMZN) announces a $10b+ investment into UK over the next five years to operate and build new data centers.

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

US Inflation came in at 2.5% YoY and core CPI came in at 3.2%. Housing / shelter continues to be a key driver holding inflation at higher levels.

Source: NY Times

Source: NY Times

Market Preview 🎞️ 

  • Thursday, September 12th: Weekly jobless claims; Price producer index (PPI);

  • Friday, September 13th: University of Michigan consumer sentiment

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That’s all for this week, folks! We’ll be back around the same time Tuesday with a curated list of important news, economic data and market highlights. 

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