Tag: earns

This Week: Delta earns, producer price index, retail sales

Economists forecast that U.S. wholesale prices edged higher last month.

They expect the Labor Department will report on Wednesday that its producer price index, which measures inflation before it reaches consumers, rose 0.2% in September. That would follow increases of 0.3% in August and 0.6% in July. Over the past 12 months, wholesale prices have declined 0.2% while core prices, which exclude volatile food and energy costs, are up a modest 0.6%.

Producer price index, monthly percent change, seasonally adjusted:

Americans have ramped up spending after a sharp pullback in the spring due to the pandemic, but the pace of that growth has slowed.

U.S. retail sales increased 0.6% in August. That followed increases of 0.9% in July, 8.6% in June and 18.3% in May. One reason spending growth has slowed is many people who lost jobs are no longer receiving a $600-a-week boost in their unemployment checks. Did the

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This Week: FedEx earns, Fed policy statement, housing starts

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

DELIVER THIS

Wall Street expects that FedEx’s latest quarterly report card will show mixed results.

Analysts predict the package delivery company will report Tuesday that its fiscal first-quarter earnings declined from a year earlier, even as revenue rose. FedEx has benefited from a boom in online shopping as the pandemic drags on. The company recently said it plans to hire up to 70,000 seasonal workers, a big jump from 55,000 last year.


THE FED SPEAKS

The Federal Reserve delivers its latest interest rate policy update and economic assessment Wednesday.

The remarks will follow a two-day meeting of the central bank’s policymakers. At their last meeting in July, policymakers kept the Fed’s key interest rate unchanged at a record low near zero. Fed policymakers also pledged to keep rates low until they are confident that the

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This Week: Consumer borrowing, job openings, Kroger earns

The Federal Reserve issues its July snapshot of U.S. consumer borrowing Tuesday

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

JUST CHARGE IT

The Federal Reserve issues its July snapshot of U.S. consumer borrowing Tuesday.

The tally, which excludes mortgages and other loans secured by real estate, is expected to show consumer borrowing increased by $16 billion, up from an increase of $9 billion the previous month. That gain in June pushed total consumer credit to $4.12 trillion. Consumer borrowing is closely watched for signals about potential consumer spending, which accounts for 70% of U.S. economic activity.

Consumer credit, monthly change, seasonally adjusted, billions of dollars:

Feb. 20.5

March -16.1

April -65.3

May -14.4

June 9.0

July (est.) 16.0

Source: FactSet

HIRING PICKUP?

The number of job openings is rising as more businesses that

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