Delta, Wells Fargo, Pepsi, Inflation Data, Fed Minutes, and More to Watch This Week

by Nicholas Jasinski
Barron’s

Third-quarter earnings season kicks off this week, with results from major U.S. banks and several other notable firms. The main events on the macro front will be the release of a pair of inflation reports for September.

PepsiCo will publish results on Tuesday, followed by Delta Air Lines and Domino’s Pizza on Thursday. Then, on Friday, JPMorgan Chase, Wells Fargo, Bank of New York Mellon, BlackRock, and Fastenal will all report.

On Thursday morning, the Bureau of Labor Statistics will release the consumer price index for September. Economists’ consensus calls for a 2.3% increase from a year earlier, a slowdown of two-tenths of a percentage point from August. The BLS will release the producer price index on Friday morning.

On Wednesday afternoon, economists and Federal Reserve watchers will pay close attention to the minutes from the central bank’s September policy meeting. Close observers will focus on details of the debate over whether to lower interest rates by a quarter or a half of a percentage point.

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