Markets look to Friday's CPI report and a slate of high-profile earnings from Apple, Oracle, and Adobe to gauge the health of the consumer and the Fed's next policy move.
Adobe (ADBE) is scheduled to release its fiscal third-quarter results after the closing bell on Thursday, following a previous quarter where it beat expectations and raised its forecast. However, market participants remain cautious due to persistent concerns over AI disruption impacting its core software business and a recent executive transition. The company recently named Anil Chakravarthy as its new CEO to succeed Shantanu Narayen in December, making the upcoming earnings call a critical test of investor confidence during this leadership handover.
Anil Chakravarthy is scheduled to succeed Shantanu Narayen in December.
The company beat expectations and raised its forecast last quarter.
Investors are shifting focus to August inflation data following a robust jobs report that complicates the Federal Reserve's interest rate path. The week features a heavy corporate calendar, including product launches from Apple and earnings reports from Oracle, Adobe, Macy's, and Kroger, as markets weigh consumer spending resilience against rising energy costs.
The CPI report provides a key measure of inflation, which directly influences the Federal Reserve's decisions on interest rates following recent strong labor market data.