Experts count on headline and core CPI knowledge to rise in tomorrow’s inflation knowledge as oil costs attain yearly highs. The Senate will host its first-ever AI Forum, that includes expertise leaders equivalent to Meta CEO Mark Zuckerberg (META), Tesla CEO Elon Musk (TSLA), and executives from Google (GOOGL, GOOG) and Microsoft (MSFT). I plan to attend. Yahoo Finance’s Akiko Fujita previews Wednesday’s key occasions.
video transcript
Akiko Fujita: And here is what to look at on Wednesday. We’ll be getting the newest data on inflation as Consumer Price Index knowledge is scheduled to be launched. The report is anticipated to point out that headline inflation continues to reverse its downward development as oil costs rise.
Today was the best ever or annual excessive. Economists count on the August determine to rise 3.6% from the identical month final yr. And core CPI, which deducts meals and vitality prices, is anticipated to rise barely by 0.2% from July’s determine, the identical as final month.
AI will even be within the highlight tomorrow as massive tech leaders participate within the Senate’s first ever AI Forum. Senator Schumer will lead the dialogue, which will probably be held behind closed doorways. Elon Musk, Mark Zuckerberg, Sundar Pichai and Bill Gates are additionally anticipated to attend. Musk can be scheduled to fulfill with senators tomorrow to debate Starlink, following his personal selection to dam Ukraine from increasing its civilian satellite tv for pc community to assault Russian warships. Sen. Elizabeth Warren is now calling for an investigation.