Fed meeting minutes, consumer price index, big bank earns - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Washington Wire
Topics
    • Life Insurance News
    • Annuity News
    • Health/Employee Benefits
    • Property and Casualty
    • Advisor News
    • Washington Wire
    • Regulation News
    • Sponsored Articles
    • Monthly Focus
  • INN Exclusives
  • NewsWires
  • Magazine
  • Webinars
  • Free Newsletters
Sign in or register to be an INNsider.
  • Exclusives
  • NewsWires
  • Magazine
  • Webinars
  • Free Newsletters
  • Insider Pro
  • About
  • Advertise
  • Editorial Staff
  • Contact
  • Newsletters

Get Social

  • Facebook
  • Twitter
  • LinkedIn
Newswires
Washington Wire RSS Get our newsletter
Order Prints
October 10, 2022 Washington Wire No comments
Share
Share
Tweet
Email

Fed meeting minutes, consumer price index, big bank earns

Associated Press

A look at some of the key business events and economic indicators upcoming this week:

FED IN FOCUS

The Federal Reserve releases minutes from its most recent interest rate policy meeting Wednesday.

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. The Fed has been raising borrowing rates in a bid to crush the highest inflation in decades. The risk is that if the Fed goes too far, it could squeeze the economy into a recession.

INFLATION BAROMETER

The Labor Department delivers its September snapshot of consumer inflation Thursday.

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 U.S. consumers jumped 8.3% in August from a year earlier. That followed annual increases of 8.5% in July and 9.1% in June. Economists predict the consumer price index rose 8.1% in the 12 months ended in September.

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?

Wall Street expects that JPMorgan Chase’s latest quarterly report card will show 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.

Older

EDITORIAL: Insurance crisis offers Louisiana few good options

Newer

Inflation and rate hikes could complicate year-end shopping in the U.S.

Advisor News

  • How a defined process eases client concerns
  • Study shows significant growth in 401(k) balances for younger workers who consistently participate
  • Powell says banking system is 'sound' following SVB collapse
  • Democratic infighting complicates Schumer response to banking crisis
  • Four indicted in defrauding NBA players a collective $13M
Sponsor
More Advisor News

Annuity News

  • Rethinking a 2023 rebalance as rate hikes remain
  • Why MYGAs are enjoying a renaissance
  • Nationwide and Fidelity Investments establish distribution relationship
  • Conning: Growing demand for in-plan annuities creates opportunity for insurers
  • VA sales slump to lowest level in 25+ years, Wink Inc. reports
Sponsor
More Annuity News

Health/Employee Benefits News

  • Alzheimer's volunteer urges Medicare, Medicaid to approve new drug
  • Lakeland special needs day care closed amid Medicaid fraud arrest
  • Idaho House votes to kill $4.7 billion Medicaid budget
  • Medicaid expansion set to pass in North Carolina with final ceremonial vote Thursday
  • Medicaid COVID expansion nears end
More Health/Employee Benefits News

Life Insurance News

  • Modern Life announces distribution partnership with Symetra
  • LIMRA: Life insurance premium expected to maintain record levels through 2024
  • Sordid Murdaugh crime saga far from over
  • Iowa woman gets 2 years in prison for defrauding life insurance policy of neighbor
  • Maximum life insurance coverage for vets increased to $500,000
More Life Insurance News

- Presented By -

Top Read Stories

  • Is your client emotionally ready for retirement?
  • Why MYGAs are enjoying a renaissance
  • As continuous enrollment provision ends, states begin Medicaid ‘unwinding’
  • Nationwide and Fidelity Investments establish distribution relationship
  • Insurance industry reps leery of NAIC big data, AI questions
More Top Read Stories >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Life Insurance News
  • Annuity News
  • Health/Employee Benefits
  • Property and Casualty
  • Advisor News
  • Washington Wire
  • Regulation News
  • Sponsored Articles
  • Monthly Focus

Top Sections

  • Life Insurance News
  • Annuity News
  • Health/Employee Benefits News
  • Property and Casualty News
  • AdvisorNews
  • Washington Wire
  • Insurance Webinars

Our Company

  • About
  • Editorial Staff
  • Magazine
  • Write for INN
  • Advertise
  • Contact

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2023 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • AdvisorNews

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.