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Inflation, Earnings Reports and the Mood of Consumers and the Federal Reserve Fill Out a Busy Week – WTOP News
The Federal Reserve is expected to hold rates steady as new data shows inflation near 3.7% and consumer confidence continues to weaken.
- A busy week of Economic data and Corporate earnings begins, as Wall Street monitors the impact of stubbornly high Inflation on businesses and Growth.
- The war with Iran has slashed global oil supplies and closed the Strait of Hormuz, creating pressure on Growth. Higher oil prices have fueled Inflation, raising costs for Shipping and goods.
- Investors await earnings from Alphabet, Amazon, and Intel on Thursday to assess AI investment returns, while The Conference Board releases a Consumer confidence survey on Tuesday expected to show shrinking sentiment.
- Analysts expect The Federal Reserve to hold interest rates steady when it concludes its Wednesday meeting, though The Fed remains concerned about Inflation. Markets anticipate another rate hike in December.
- These Economic developments arrive weeks before the Nov. 3 elections that will determine the future makeup of Congress. Trade conflicts and the global oil shortage continue shaping the economic backdrop.
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11 Articles
The Toronto Star+9 Reposted by 9 other sources
Inflation, earnings reports and the mood of consumers and the Federal Reserve fill out a busy week
NEW YORK (AP) — A key update on inflation and its impact on consumer confidence, economic growth and interest rate policy will fill a busy calendar this week along with more big earnings reports.
·Toronto, Canada
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Inflation, earnings reports and the mood of consumers and the Federal Reserve fill out a busy week – WTOP News
NEW YORK (AP) — A key update on inflation and its impact on consumer confidence, economic growth and interest rate policy will fill a busy calendar this week along with more big earnings reports. They all arrive just weeks before the Nov. 3 midterm elections that will determine the future makeup of Congress as the...
·Chevy Chase, United States
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Total News Sources11
Leaning Left8Leaning Right1Center2Last UpdatedBias Distribution73% Left
Bias Distribution
- 73% of the sources lean Left
73% Left
L 73%
C 18%
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