Oracle Earnings and Hot Inflation Data Dominate Friday's Market Session
The August consumer price index rose 0.4% month-over-month and 3.4% annually, matching analyst forecasts, while core CPI ticked up slightly more than expected at 0.3%. The reading follows Thursday's hotter-than-anticipated producer price index and a surge in crude oil to $6 a gallon, pushing traders to raise the odds of a quarter-point Fed rate hike next week above 70%. Stock futures rose Friday morning as investors weighed the data and looked to snap a four-session losing streak, with Oracle's earnings also drawing market attention.
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Persistent inflation combined with spiking energy costs complicates the Fed's path just days before its rate decision, raising the likelihood of continued tightening even as markets hope for relief. The convergence of macro pressure and corporate earnings like Oracle's creates a pivotal moment for investor sentiment heading into the weekend.
- CPI rose 0.4% monthly and 3.4% annually in August, in line with expectations.
- Oil prices hitting $6 a gallon and hot PPI data raised rate-hike odds above 70%.
- Stock futures rose Friday as markets attempted to break a four-day losing streak.
The Intelligent Investor" by Benjamin Graham — If mornings like this one — CPI prints, Oracle earnings, Fed rate bets — have you glued to the market, Graham's classic is the perfect counterweight. It teaches you how to think about valuation and inflation-era risk instead of reacting to every headline. A staple on the shelf of investors who want a framework, not just a ticker feed.
See The Intelligent Investor" by Benjamin Graham on Amazon → Affiliate link — we may earn a commission on purchases, at no extra cost to you. Product picked by AI based on this article; it is not a tested recommendation.Source: cnbc.com — Luke Fountain, 2026-09-11
Published there as: “CPI report, Oracle earnings, Trump’s cash promises and more in Morning Squawk”
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