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CPI Inflation Remains in Check
The Consumer Price Index (CPI) reported a 2.9% year-over-year inflation rate, meeting Wall Street expectations as of Thursday, September 14. Despite some concerns about tariff-induced inflation following President Trump’s ‘Liberation Day,’ inflation remains below the Federal Reserve’s target of 2%, indicating stable prices for US consumers and companies.
The AI Revolution Continues
Tech stocks surged following Oracle’s impressive earnings report, which highlighted a backlog of approximately $500 billion. Additionally, Microsoft secured a $17 billion data center deal with Nebius, signaling that AI and data center spending may continue to rise.
Small Caps Make Fresh 52-week Highs
The Russell 2000 Index ETF (IWM) has seen a significant uptick, rising 9.32% over the past month, with analysts suggesting that a lower interest rate environment will provide ongoing support for small-cap stocks.
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