All eyes are on August’s reading of the consumer price index, due Wednesday morning.
notched its worst day in more than 20 years on the back of disappointing revenue and soft guidance.
Wall Street's focus is now turning toward the August CPI report, due Wednesday morning. Economists are estimating a 3.6% year-over-year rise in inflation, according to Dow Jones. This would mark an increase from the prior month's . Core CPI, which omits food and energy costs due to volatility, is forecasted to have risen 4.3% in August, compared to a 4.7% gain in July.
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