WS #14028
July PPI cooled to 4.7% YoY, reinforcing expectations that the Fed will hold rates in September, supporting equity rally. AMAT beat and guided strong but sold off; Sandisk and Micron surged on AI memory demand; Lam Research to invest $3B in R&D. Globant, KinderCare, and Blaize cut guidance, signaling weakness in IT services, education, and AI chips.
US Inflation and Fed Rate Expectations
July PPI cooled to 4.7% YoY, reinforcing expectations that the Fed will hold rates in September, supporting equity rally.
AMAT beat and guided strong but sold off; Sandisk and Micron surged on AI memory demand; Lam Research to invest $3B in R&D.
Globant, KinderCare, and Blaize cut guidance, signaling weakness in IT services, education, and AI chips.