Iran: US Must Return to MOU, No Ceasefire Extension

US Consumer Prices Are Rising At Their Fastest Pace In 3 Years Bearing in mind the one-off impact of BLS correcting for shutdown-related distortions (in rent/shelter) from last October., this morning's CPI was expected to come in hot as the impact of the Iran war starts to spread (energy, airfares, transport) and the melt-up in memory costs (unrelated to war) as the token wars continue. As a reminder, March saw headline CPI in line (energy) while Core CPI actually printed cooler than expected. and we suspect most attention will be on the...

Rate-Hike Odds Slide As US Consumer Price Inflation Prints Slowest Since Pre-War July's ongoing decline in oil prices (before the late July/early August rebound) should support lower prices in today's CPI print (with portfolio management impacts expected to be a bigger upside deal for PCE as stocks soared) but expectations were for an uneventful 0.1% MoM rise in the headline print. And the print was perfectly in line, rising 0.,1% MoM and 3.4% YoY (down from +3.5% in June) - the lowest since March... With Goods inflation flat at 0.8% YoY and...

Oracle Tumbles After Mixed Results, Capex Comes In Hot; Warns Another $40BN Debt/Equity Capital Raise Coming With tech stocks cracking for a 3rd straight day, and with the broader market closing at the lows in a surprising sign of weakness, many were looking to ORCL to kickstart the AI euphoria which has been oddly missing in recent days (and which send NVDA stock briefly just below the key level of $200). Well, for those hoping that ORCL would be the much needed spark, they may be disappointed after ORCL stock...