A sign of tamer inflation.

I'm David Brancaccio in Los Angeles.

Tomorrow we'll get the consumer inflation reading for August.

Today it was wholesale inflation.

Present's surprised when it unexpectedly went down slightly.

Let's check in with Susan Schmidt, senior portfolio manager at Exchange Capital Resources.

Good morning. So a little surprise there. Wholesale prices actually went down just a tad.

How does that factor into the big interest rate decision for next week from the central bank?

Well, they went down, but as you said, just a tad. And so far, it doesn't look like that's changing investor

anticipation over what will happen next week. Around 90% of investors at this point expect the Fed

to drop rates next week by a quarter of a percentage point. And that is already being

reflected in stock prices. Well, how do you know that 90% Susan?

I mean, is there like a sports book on whether the Fed will move interest rates down a quarter of a percentage point?

Well, not exactly a sports book.

It's not posted in Las Vegas.

But we do have ways of seeing what's expected.

And effectively, we do have that percentage,

the odds on what's going to happen, the anticipated odds. And so we can look at that and we can

see how investors are leaning. And that's also reflected in stock prices in the market.

One of the most valuable companies by market capitalization is Apple Computer. Their big product

announcement was yesterday. Did not exactly blow the hair back of the stock market.

No, definitely a ho-hum. Such a difference than 10 years ago when Apple reported their new

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