Report published August 13, 2026
Early Morning Reid Macro Strategy: Navigating Cooling Inflation and Global Market Volatility
Source and citation context
- Issuer
- Deutsche Bank
- Report date
- August 13, 2026
- Analysis as of
- Not stated in source
Authors / editors: Jim Reid (Strategist)
Finvaulta summarizes Deutsche Bank's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.
The US July CPI print provided a modest easing of inflation concerns, boosting equities while tempering expectations for a September Fed rate hike. Meanwhile, semiconductor stocks continued to rally amid strong AI-infrastructure demand, even as geopolitical risks in the Middle East persist.
Key Takeaways
- 1.US July CPI data matched consensus estimates, easing immediate pressure for a September Fed rate hike.
- 2.Semiconductor and AI-infrastructure stocks continue to drive equity performance despite rising capex costs.
- 3.Geopolitical tensions in the Middle East persist, pressuring oil and natural gas prices.
Table of Contents
- Key Market Data
- Other Market Data
- Key Economic Data
- Topical Deutsche Bank publications
Report data
Key figures extracted from this report
| Metric | Estimate | Context |
|---|---|---|
| Core CPI (YoY) | 2.5% | Inflation report |
Reports in this series
Early Morning Reid is shown in chronological order through this edition, published on August 13, 2026.
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Authors / Editors
Reported Data Context
- Core CPI (YoY): 2.5 percent (July 2026)