Forex

Inflation Report May Dampen Rate Hike Speculation as Tech Earnings Rise

Guavy AI Editorial Team Published August 12, 2026

Instruments

USD

The latest US inflation report is out today, and it's expected to show slightly lower annual headline and core inflation rates. This could dampen speculation of a Federal Reserve rate hike next month, with markets currently priced at 50-50 on the outcome.

The report may also help calm bond markets, which have been volatile in recent days due to rising oil prices and tensions in Iran. Yesterday's 3-year Treasury auction saw decent demand, and today's 10-year note auction is expected to be closely watched.

In other news, tech companies are reporting strong earnings, with CoreWeave surging 15% after beating second-quarter revenue forecasts. Super Micro Computer also jumped 7% after its sales forecast beat estimates. Meanwhile, Norway's $2.3 trillion sovereign wealth fund reported a record profit of $184.3 billion for the first half of the year.

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