Investors are eagerly awaiting the delayed U.S. consumer price inflation report to gauge the Federal Reserve’s interest rate plans for next year. Wall Street is also monitoring the tech sector, particularly concerns over big spending on AI, exemplified by Oracle’s $10 billion funding deal for a data center.

Economists predict a 3.1% year-on-year increase in November’s CPI, the largest gain since May 2024. However, delays in data collection during the holiday season discounts may lead to lower-than-expected prices for items like furniture and recreation goods.

The spotlight remains on tech giants, with concerns over inflated AI bubble contributing to a recent downturn. Additionally, the Bank of England is expected to cut UK interest rates, while the European Central Bank and EU face crucial decisions in Frankfurt and Brussels, respectively. Weekly jobless claims data and earnings reports from Nike and FedEx are also on the agenda.

Read more at Yahoo Finance: Morning Bid: Optics and Oracles