CPI, Circle & CoreWeave earnings, Fed commentary: What to Watch
Consumer Price Index (CPI) data for July will be released in the morning, giving economists and the Federal Reserve a clearer picture of US inflation.
Richmond Fed President Tom Barkin and Kansas City Fed President Jeff Schmid will be delivering remarks.
In the morning, Circle (CRCL), Tencent Music (TME), and On Holding (ONON) will report earnings. CoreWeave (CRWV), Cava (CAVA), and Rigetti Computing (RGTI) will announce results in the afternoon.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime.
Time now for What to Watch Tuesday, August 12th. Starting off on the economy, we'll get a key read on inflation Tuesday with the consumer price index. Economists expect headline CPI to ease slightly to .2% for the month, while core CPI, which strips out food and energy, that's expected to tick up to .3%. Those numbers will give the Fed more clues as it maps out its next move on interest rates. And speaking of the Fed, we'll also hear from Richmond Fed President Tom Barkin and Kansas City Fed President Jeffrey Schmidt. This follows President Trump's post on Truth Social last week, announcing his pick of Stephen Moore, and the current Council of Economic Advisors Chairman to fill the seat of Fed Governor Adriana Kugler. And turning to earnings, more results are on deck tomorrow from Circle, Coreweave and Cava. Coreweave will report second quarter results after the closing bell, with analysts expecting solid orders for the cloud computing company, fueled by increased infrastructure spending for major AI players like Microsoft, Google, and OpenAI.
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