WS #13923
July CPI at 3.4% YoY and 0.2% core MoM matched expectations, reducing September Fed hike odds to ~42% and boosting risk assets. CoreWeave and SMCI beat and raised, Foxconn profit up 35% on AI servers, reinforcing the AI capex trade.
US CPI in line, Fed hike odds drop
July CPI at 3.4% YoY and 0.2% core MoM matched expectations, reducing September Fed hike odds to ~42% and boosting risk assets.
CoreWeave and SMCI beat and raised, Foxconn profit up 35% on AI servers, reinforcing the AI capex trade.