Is there frothiness in the stock market today and are there still worries about inflation? The Federal Reserve has largely been tapering their tightening. Alex Coffey says that during the September FOMC meeting interest rates will likely not be increased. Also, Instacart has raised their IPO price range after the ARM stock debut. Finally, HSBC initiated MSFT, ORCL, CRWD, CRM, SNOW, and ZM with buy ratings.