WS #12099
US June CPI came in cooler than expected (headline -0.4% MoM, core flat), reducing rate hike expectations and boosting risk assets; Fed Chair Warsh cautioned against overreading. IBM shares plummeted 25% on weak preliminary Q2 earnings, with CEO citing AI-related spending pauses on cybersecurity deals. DeepSeek explores $71 billion funding round and prepares China IPO, signaling AI sector momentum.
US CPI Data Surprise
US June CPI came in cooler than expected (headline -0.4% MoM, core flat), reducing rate hike expectations and boosting risk assets; Fed Chair Warsh cautioned against overreading.
IBM shares plummeted 25% on weak preliminary Q2 earnings, with CEO citing AI-related spending pauses on cybersecurity deals.
DeepSeek explores $71 billion funding round and prepares China IPO, signaling AI sector momentum.