The Bureau of Labor Statistics will release the June Consumer Price Index on July 14, the last major inflation reading before the Federal Reserve's July meeting. Economists expect headline CPI to fall nearly 0.1% month-over-month and rise about 3.9% year-over-year, while core CPI is projected to increase 0.2% for the month and 2.85% annually. A softer core inflation print could lift stocks on hopes the Fed will hold rates steady, while a hotter number may trigger a sell-off by raising the odds of a July rate hike. Currently, markets see a 65% chance the Fed keeps rates unchanged this month, with quarter-point hikes priced in for September and January 2027.
NVIDIA CorporationThe CPI report could influence Fed rate decisions, affecting the broader market and NVIDIA as a growth stock, but the outcome is uncertain.