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Inflation data, Oracle earnings, and an energy supply crunch: What to watch this week
Yahoo Finance • • business
Key Points:
- Former Fed Governor Kevin Warsh emphasized that price stability requires active Federal Reserve intervention, noting inflation has exceeded the 2% target for about five years, raising investor expectations for Fed action soon.
- Oracle's upcoming earnings report will be closely watched for signs of growth in its cloud infrastructure and software businesses; despite a nearly 20% share price drop this year amid debt concerns, Bank of America remains bullish due to expected revenue acceleration and customer prepayments.
- US diesel prices hit a record high of $5.85 per gallon, driven by supply disruptions from conflicts in Iran and Russia-Ukraine, along with historically low US fuel stockpiles, raising concerns about broader inflationary impacts on consumer prices.
- The economic calendar this week includes key data releases such as August CPI on Friday, with inflation expectations closely monitored amid ongoing price pressures, alongside earnings reports from major companies including Oracle, Adobe, and Macy’s.
