CPI, Cisco earnings, and more: What investors need to watch Wednesday

August 12, 2026 - 09:45

The main event is the latest Consumer Price Index reading for July. This report is the market's clearest window into how sticky inflation remains, and it will heavily influence expectations for the Federal Reserve's next move on interest rates. A hotter-than-expected number could reignite fears that the central bank will keep policy tight for longer, while a cooler print would likely fuel hopes for a rate cut sooner rather than later. Beyond the headline figure, traders will be parsing the core CPI, which strips out volatile food and energy prices, to gauge the underlying price pressures in the economy.

On the corporate side, networking giant Cisco is set to report its fiscal fourth-quarter results after the market close. Investors will be looking for signs of stabilising demand in its core networking business, as well as any updates on its software and security divisions. The company's guidance for the coming quarters will be just as important as the headline numbers, given the uncertain spending environment for enterprise tech.

Also reporting Wednesday is Bloomin' Brands, the parent company of Outback Steakhouse and Carrabba's Italian Grill. The casual dining chain's results will offer a read on consumer spending at restaurants, a sector that has seen mixed traffic trends as diners pull back on discretionary outings.

With the CPI report landing in the morning and earnings coming after the close, Wednesday is shaping up to be a full day for anyone watching the markets.