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All eyes were on the August Consumer Price Index (CPI) released on the morning of Sept. 11, as it was the last major data point before the Federal Open Market Committee (FOMC) makes a decision on interest rates at its meeting on Sept. 15-16.
Unfortunately for the doves, the inflation data came in slightly hotter than expected.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
The CPI rose 0.4% in August, seasonally adjusted, bringing the headline year-over-year number to 3.4%. Both of those numbers were in line with economists' estimates.