US inflation report seen as test for September Fed hike
The US inflation release is described as a key test for September Fed rate-hike expectations, with rate-rise fears said to be rippling through bond markets.
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Traders brace for August CPI’s razor-thin 0.2% or 0.3% call
August consumer price index data is due Friday at 8:30 a.m. ET, with core CPI expected to rise 0.2% in August and headline CPI about 0.4%. The report is seen as key to whether the Federal Reserve raises rates next week.
Wealthfront reports Q2 revenue of $91.9 million
Wealthfront said fiscal second-quarter revenue rose 1% year over year to $91.9 million. It also said total platform assets increased 12% to $99 billion and investment advisory assets rose 30% to $54.1 billion.
Asia Markets Volatile
Asian markets experience volatility amid concerns over memory pricing power, leveraged retail investors, and currency fluctuations, with Kospi and Nikkei showing mixed performance