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2 Inflation Reports, Retail Sales and Big Bank Profits All Arrive in the Coming Week
JPMorgan Chase, Citigroup and Bank of America are expected to post profit gains as consumers keep spending despite higher prices.
- Financial results from the nation's largest Banks and key economic data arrive next week, with investors monitoring The Labor Department reports on consumer and producer prices.
- Renewed violence in the Middle East has pushed oil prices above $100 per barrel and gasoline costs above $4 per gallon, worsening inflationary pressures across the economy.
- Analysts expect JPMorgan Chase to report a 47% profit boost, Citigroup a 61% jump, and Bank of America a 36% gain when earnings release this week.
- Americans expanded retail sales by 1.2% in August, but Realtors report sales of previously occupied homes remain stuck at a 30-year low amid rising rates.
- The Federal Reserve is leaning toward another rate hike by year-end to cool Inflation, while the National Retail Federation will release its holiday forecast next week.
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18 Articles
2 Inflation reports, retail sales and big bank profits all arrive in the coming week – WTOP News
NEW YORK (AP) — The upcoming week promises to deliver notable updates on inflation, a topic sure to dominate the U.S. midterm elections now less than a month away. A separate report will show how retailers are faring in an inflationary environment, while the nation’s biggest banks roll out financials details from the most recent...
·Chevy Chase, United States
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The Toronto Star+16 Reposted by 16 other sources
2 Inflation reports, retail sales and big bank profits all arrive in the coming week
NEW YORK (AP) — The upcoming week promises to deliver notable updates on inflation, a topic sure to dominate the U.S. midterm elections now less than a month away. A
·Toronto, Canada
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Total News Sources18
Leaning Left9Leaning Right1Center7Last UpdatedBias Distribution53% Left
Bias Distribution
- 53% of the sources lean Left
53% Left
L 53%
C 41%
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