Overview

• Market pricing leaned toward a 25-basis-point cut at the Sept. 16–17 Fed meeting, per CME FedWatch, with the 10-year Treasury yield easing to about 4.04%.
• U.S. producer prices unexpectedly fell 0.1% in August, with annual PPI at 2.6% and core PPI accelerating to 2.8%, drawing a muted market reaction.
• Oracle shares surged about 36% after the company outlined aggressive cloud infrastructure revenue targets; the Wall Street Journal reported an approximately $300 billion OpenAI contract that has not been confirmed.
• Klarna closed its NYSE debut at $46.33, up 15.8% from its $40 IPO price.
• Potbelly agreed to be acquired by RaceTrac in a deal valued at about $566 million, lifting Potbelly shares by roughly 31%.