Preview — Barron's
Wednesday 10/9
The Federal Open Market Committee releases the minutes from its mid-September monetary-policy meeting. At that meeting, the FOMC cut the federal-funds rate by half a percentage to 4.75%-5%. Michelle Bowman dissented in favor of a quarter-point cut, the first such dissent by a Fed governor since 2005.
Thursday 10/10
The Bureau of Labor Statistics releases the consumer price index for September. Consensus estimate is for a 2.3% year-over-year increase, two-tenths of a percentage points less than in August. The core CPI is expected to rise 3.2%, which would match August's gain. The annual change in the CPI is at its lowest level since February 2021, giving the FOMC "greater confidence that inflation is moving sustainably toward 2%."
Friday 10/11
Third-quarter earnings season kicks off with the money-center banks reporting results. JPMorgan Chase and Wells Fargo are first up, with both companies announcing results before the opening bell.
The University of Michigan releases its Consumer Sentiment index for October. In September, consumers' expectations for year-ahead inflation was 2.7%, the lowest level since late 2020.
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(END) Dow Jones Newswires
October 04, 2024 21:45 ET (01:45 GMT)
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