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The stock market's new record high will be challenged in the week ahead by a slew of corporate earnings reports and a fresh reading of the Fed's preferred inflation gauge.
The week will close with a slew of bank and financial services earnings from JPMorgan , Wells Fargo , Bank of America , BlackRock , and Citi to kick off fourth quarter earnings season.
Economists expect annual inflation according to the Fed's preferred inflation gauge — "core" PCE — clocked in at 3.5% in October. Over the prior month, economists expect "core" PCE rose 0.2%.
Stubborn inflation has been hitting Americans at every level: From grocery prices to those of housing, high costs have placed an enormous toll on consumers.. Thus, it came as no surprise that the ...
The week ahead will provide a fresh update on how quickly price increases are falling toward that goal. Wall Street economists expect headline inflation rose just 2.3% annually in September, a ...
But even with that targeted approach, the consensus is that it will act as a dreaded inflation bomb. In this case, the report predicts inflation could increase by 0.6 percentage points. Fiscal Tension
After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful progress on inflation this year — a prelude to eventual interest rate cuts.
Inflation is now rising at 3.2% in August and July, compared with 3.3% in June, 3.4% in May, and 3.6% in April. The latest inflation data takes a 50 basis point rate cut off the table.