How Things Stand in the Market as of Sunday, September 8th, 2024

While, next week’s economic news offers little comfort, as both the inflation-measuring consumer and producer price indexes are due Wednesday and Thursday, Oracle’s (ORCL) earnings report Monday evening and Adobe Systems’ (ADBE) Thursday evening could liven things up. Apple’s (AAPL) launch of iPhone 16 is scheduled for Monday. Despite a slew of weak recent economic reports, concluding with Friday’s jobs report, the odds of a half-point Fed rate cut on Sept. 18—at the conclusion of the Fed’s two-day meeting— are only about 30% after briefly hitting 50% early Friday. However, Investors see the likelihood of 100-125 basis points worth of interest cuts before year-end