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U.S. Financial Market Update: The Week Ahead

Last Updated on Jun 10, 2024

THINGS TO WATCH


-APPLE AND AI: Later today at its Worldwide Developers Conference, Apple (AAPL) is expected to unveil details for
Apple Intelligence, the company’s new artificial intelligence (AI) system that will reportedly be integrated into new
versions of the iPhone, iPad, and Mac operating systems. AAPL is also expected to announce an agreement with OpenAI to utilize ChatGPT features in the iPhone’s next operating system (iOS 18). The consumer technology
juggernaut’s AI plans for voice assistant Siri along with security precautions related to its use of cloud-based servers for processing user data will likely be in focus.

 

-MAY CPI: On Wednesday morning, we’ll see if lower energy prices last month caused a downshift in the headline consumer price index (CPI) to 0.1% from 0.3% in April as anticipated by the median projection in a Bloomberg survey. Core CPI (excluding food and energy), which is generally viewed as a more relevant variable for Fed policy, is expected to remain unchanged at 0.3% in May and tick down slightly to 3.5% on an annual basis from 3.6% in April.

 

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