Fed meeting minutes, consumer price index, big bank earns
A look at some of the key business events and economic indicators upcoming this week:
FED IN FOCUS
The
At last month's meeting Fed officials raised the central bank’s key interest rate by three-quarters of a percent and signaled more big hikes to come.
INFLATION BAROMETER
Americans continue to face higher costs, reflected in a run of sharp annual increases in the consumer price index since summer last year. Prices for
Consumer price index, annual percent change, not seasonally adjusted:
April 8.3
May 8.6
June 9.1
July 8.5
Aug. 8.3
Sept. (est.) 8.1
Source: FactSet
MIXED RESULTS?
Analysts predict the nation’s largest bank by assets will report Friday that its third-quarter earnings declined from a year earlier, even as revenue increased. The bank's profit also fell in the first and second quarters of this year. The bank is trying to navigate an economy that’s losing steam as interest rates continue to rise, hitting consumers and corporations alike.
EDITORIAL: Insurance crisis offers Louisiana few good options
Inflation and rate hikes could complicate year-end shopping in the U.S.
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