Tech & Semis Lead on In-Line CPI; Averages Remain in Consolidation As Crude Sits at a Key Level

It’s the influential Technology sector’s turn to lead today, but more specifically, the Semiconductors. The major averages, however, remain in consolidation. Both Headline (0.1%) and Core (0.2%) CPI were in line with expectations, which increased the market’s expectations that the Fed will keep rates on hold at the September FOMC meeting. At this point, September…