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2022-10-10
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CPI Sets the Stage for Fed's November Hike, Banks Report for Q3: What to Know This Week<blockquote>CPI为美联储11月加息奠定了基础,银行第三季度报告:本周需要了解什么</blockquote>
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{"i18n":{"language":"zh_CN"},"detailType":1,"isChannel":false,"data":{"magic":2,"id":666903571,"tweetId":"666903571","gmtCreate":1665356658393,"gmtModify":1665356662363,"author":{"id":4099647582870040,"idStr":"4099647582870040","authorId":4099647582870040,"authorIdStr":"4099647582870040","name":"Noobplayer","avatar":"https://static.tigerbbs.com/b74d503da80c40d8b084a557457856a0","vip":1,"userType":1,"introduction":"","boolIsFan":false,"boolIsHead":false,"crmLevel":12,"crmLevelSwitch":0,"individualDisplayBadges":[],"fanSize":63,"starInvestorFlag":false},"themes":[],"images":[],"coverImages":[],"html":"<html><head></head><body><p>Great</p></body></html>","htmlText":"<html><head></head><body><p>Great</p></body></html>","text":"Great","highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/666903571","repostId":2274458895,"repostType":4,"repost":{"id":"2274458895","kind":"news","pubTimestamp":1665355533,"share":"https://www.laohu8.com/m/news/2274458895?lang=zh_CN&edition=full","pubTime":"2022-10-10 06:45","market":"us","language":"en","title":"CPI Sets the Stage for Fed's November Hike, Banks Report for Q3: What to Know This Week<blockquote>CPI为美联储11月加息奠定了基础,银行第三季度报告:本周需要了解什么</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=2274458895","media":"Yahoo Finance","summary":"An already strained U.S. stock market will be further challenged in the week ahead as the government publishes a key inflation report and megabanks kick off what’slikely to be a murky earnings season.","content":"<p><html><head></head><body>An already strained U.S. stock market will be further challenged in the week ahead as the government publishes a key inflation report and megabanks kick off what’s likely to be a murky earnings season.</p><p><blockquote><html><head></head><body>随着政府发布一份重要的通胀报告以及大型银行开启可能黯淡的财报季,本已紧张的美国股市将在未来一周面临进一步挑战。</body></html></blockquote></p><p>The highly-awaited Consumer Price Index (CPI) takes top billing in coming days, with third-quarter financials from the country’s largest banks – JPMorgan (JPM), Citi (C), and Wells Fargo (WFC) – following suit in the line of importance.</p><p><blockquote>备受期待的消费者价格指数(CPI)将在未来几天占据首位,美国最大的银行摩根大通(JPM)、花旗(C)和富国银行(WFC)的第三季度财务数据也将紧随其后。重要性线。</blockquote></p><p><img src=\"https://static.tigerbbs.com/0f0f37bbff5251cf5a672004561faeef\" tg-width=\"2044\" tg-height=\"1448\" width=\"100%\" height=\"auto\"/></p><p><blockquote></blockquote></p><p>A fresh CPI reading on Thursday is expected to dictate how much more aggressive the Federal Reserve will get with its interest rate hiking plans, which are already the most combative in decades. The consequential economic release will hold even greater significance after the Labor Department’s September jobs report on Friday suggested officials have further room for increases.</p><p><blockquote>周四公布的新CPI数据预计将决定美联储加息计划的激进程度,该计划已经是几十年来最激进的。在劳工部周五发布的9月份就业报告表明官员们还有进一步增长的空间后,随之而来的经济数据将具有更大的意义。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/541f2357db95a28c89672d947882d8dd\" tg-width=\"960\" tg-height=\"589\" referrerpolicy=\"no-referrer\"/><span>JPMorgan President and CEO Jamie Dimon testifies on Capitol Hill in Washington, U.S., September 22, 2022. (REUTERS/Evelyn Hockstein)</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根大通总裁兼首席执行官杰米·戴蒙于2022年9月22日在美国华盛顿国会山作证。(路透社/伊芙琳·霍克斯坦)</span></p></blockquote></p><p>The U.S. economy added 263,000 jobs last month, a moderation from the prior print but still a robust hiring figure, as the unemployment rate fell to 3.5%. The weaker-than-expected decline in payroll gains dashed investor hopes that FOMC members might shift away from monetary tightening sooner than anticipated.</p><p><blockquote>美国经济上个月增加了263,000个就业岗位,较之前的数据有所放缓,但仍是强劲的招聘数据,失业率降至3.5%。就业增长降幅弱于预期,令投资者对FOMC成员可能比预期更早放弃货币紧缩的希望破灭。</blockquote></p><p>That reality sent stocks spiraling on Friday. The S&P 500 (^GSPC) plunged 2.8%, the Dow Jones Industrial Average (^DJI) shed 630 points, and the Nasdaq Composite (^IXIC) led the way down at a decline of 3.8%. The major averages managed to end higher for the week after three straight down weeks after retaining some gains from a transient rally the first two trading days of October.</p><p><blockquote>这一现实导致周五股市飙升。标普500(^GSPC)暴跌2.8%,道琼斯工业平均指数(^DJI)下跌630点,纳斯达克综合指数(^IXIC)领跌,跌幅为3.8%。主要股指在连续三周下跌后,在保留了10月份前两个交易日短暂反弹的一些涨幅后,本周最终收高。</blockquote></p><p><img src=\"https://static.tigerbbs.com/d03327c522e4f944485e66952e5c24a2\" tg-width=\"1016\" tg-height=\"600\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>“Persistent strength in hiring and a drop in the unemployment rate, in our view, mean the Fed is unlikely to pivot in the direction of a slower pace of rate hikes until it has more clear evidence that employment growth is slowing,” analysts at Bank of America said in a note on Friday, adding that the institution expects a fourth 75-basis-point rate increase in November.</p><p><blockquote>分析师表示:“我们认为,招聘持续强劲和失业率下降意味着美联储不太可能转向放缓加息步伐,直到有更明确的证据表明就业增长正在放缓。”美国银行周五在一份报告中表示,并补充说,该机构预计11月份将第四次加息75个基点。</blockquote></p><p>And this week’s inflation reading could corroborate such a move next month. According to Bloomberg forecasts, the headline consumer price index for September is expected to show a slight moderation on a year-over-year figure to 8.1% from 8.3% in August, but an increase to 0.2% from 0.1% over the month.</p><p><blockquote>本周的通胀数据可能会证实下个月的这一举措。根据彭博社预测,9月份总体消费者价格指数同比预计将从8月份的8.3%小幅放缓至8.1%,但环比将从0.1%升至0.2%。</blockquote></p><p>All eyes will be on the “core” component of the report, which strips out the volatile food and energy categories. Economists surveyed by Bloomberg project core CPI rose to 6.5% from 6.3% over the year but moderated to 0.4% monthly from 0.6% in August.</p><p><blockquote>所有的目光都将集中在报告的“核心”部分,该部分剔除了不稳定的食品和能源类别。彭博社调查的经济学家预计,核心CPI从去年的6.3%升至6.5%,但月度涨幅从8月份的0.6%放缓至0.4%。</blockquote></p><p>Marginal fluctuations in the data have not been reassuring enough to Federal Reserve members that they can step away from intervening any time soon. Speaking at an event in New York last week, Federal Reserve Bank of San Francisco President Mary Daly called inflation a “corrosive disease,”and a “toxin that erodes the real purchasing power of people.”</p><p><blockquote>数据的边际波动并不足以让美联储成员放心,他们可以很快停止干预。旧金山联邦储备银行行长玛丽·戴利上周在纽约举行的一次活动上发表讲话,称通货膨胀是一种“腐蚀性疾病”,是“侵蚀人们实际购买力的毒素”。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a183e6937eab492d9c263c10c4650349\" tg-width=\"960\" tg-height=\"671\" referrerpolicy=\"no-referrer\"/><span>A sign for the Federal Reserve Board of Governors is seen at the entrance to the William McChesney Martin Jr. building ahead of a news conference by Federal Reserve Board Chairman Jerome Powell on interest rate policy, in Washington, U.S., September 21, 2022. REUTERS/Kevin Lamarque</span></p><p><blockquote><p class=\"t-img-caption\"><span>2022年9月21日,在美国华盛顿,美联储主席杰罗姆·鲍威尔就利率政策举行新闻发布会之前,小威廉·麦克切斯尼·马丁大楼入口处可以看到美联储理事会的标志。路透社/凯文·拉马克</span></p></blockquote></p><p>Elsewhere in economic releases, investors will also get a gauge of how quickly prices are rising at the wholesale level with the producer price index, or PPI, which measures the change in the prices paid to U.S. producers of goods and services; a reading on how consumer spending is faring amid persistent inflation and slowing economic conditions with the government’s retail sales report; and a consumer sentiment check from the University of Michigan closely watched survey.</p><p><blockquote>在经济发布的其他地方,投资者还将通过生产者价格指数(PPI)来衡量批发价格上涨的速度,该指数衡量支付给美国商品和服务生产商的价格变化;通过政府的零售销售报告,了解在持续通胀和经济状况放缓的情况下消费者支出的表现;以及密歇根大学备受关注的消费者信心调查。</blockquote></p><p>Meanwhile, bank earnings will set the stage for a third-quarter earnings season expected to be ridden with economic warnings from corporate executives about the state of their businesses, slashed earnings per share estimates across Wall Street, and generally milder results as price and rate pressures weighed on companies in the recent three-month period.</p><p><blockquote>与此同时,银行财报将为第三季度财报季奠定基础,预计第三季度财报季将充满企业高管对其业务状况的经济警告、华尔街每股收益预期的大幅下调以及价格和利率压力导致的业绩普遍温和。近三个月来,企业面临压力。</blockquote></p><p>Results from JPMorgan, Citigroup, Wells Fargo, and Morgan Stanley are all on tap for the coming week and will be followed by Goldman Sachs (GS) and Bank of America (BAC) the following week.</p><p><blockquote>摩根大通、花旗集团、富国银行和摩根士丹利的业绩都将在下周公布,高盛(GS)和美国银行(BAC)也将在下周跟进。</blockquote></p><p></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5088c955861b1fd864d4c07b311fec8a\" tg-width=\"960\" tg-height=\"616\" referrerpolicy=\"no-referrer\"/><span>Chief executives of the country's largest banks are sworn-in at the start of a Senate Banking, Housing, and Urban Affairs hearing on "Annual Oversight of the Nation's Largest Banks", on Capitol Hill in Washington, U.S., September 22, 2022. REUTERS/Evelyn Hockstein</span></p><p><blockquote><p class=\"t-img-caption\"><span>2022年9月22日,美国华盛顿国会山,美国最大银行的首席执行官在参议院银行、住房和城市事务听证会开始时宣誓就职,主题是“美国最大银行的年度监督”。路透社/伊芙琳·霍克斯坦</span></p></blockquote></p><p>Banks typically benefit from central bank policy tightening, with higher interest rates boosting their net interest income (the bank’s earnings on its lending activities and interest it pays to depositors) and net interest margins (calculated by dividing net interest income by the average income earned from interest-producing assets.) However, challenging market conditions that have dealt a blow to dealmaking activity and general macroeconomic uncertainty are poised to offset higher net interest income.</p><p><blockquote>银行通常受益于央行政策收紧,利率上升会提高其净利息收入(银行贷款活动的收益和向储户支付的利息)和净息差(通过将净利息收入除以平均收入计算)然而,对交易活动和总体宏观经济不确定性造成打击的充满挑战的市场状况将抵消净利息收入的增加。</blockquote></p><p>Analysts at Bank of America project earnings growth to slow across banks and brokers to 2.0% year-over-year in the third quarter from 5.9% in the second and 7.7% in the third, per bottom-up consensus estimates, per a recent note.</p><p><blockquote>根据最近的一份自下而上的共识预测,美国银行分析师预计,第三季度银行和经纪商的盈利同比增长将从第二季度的5.9%和第三季度的7.7%放缓至2.0%。</blockquote></p><p>However, that drop pales in comparison to expectations for sectors outside of financials — with the exception of the energy sector — according to BofA. Earnings growth in those areas “is expected to dip well into the negative territory,” the bank warned in a note, with expectations for growth of -4.2% year-over-year in the third quarter, down from -1.3% in the second quarter.</p><p><blockquote>然而,美国银行表示,与金融以外行业(能源行业除外)的预期相比,这一下降幅度相形见绌。该行在一份报告中警告称,这些领域的盈利增长“预计将大幅下滑至负值”,预计第三季度同比增长为-4.2%,低于第二季度的-1.3%。</blockquote></p><p>—</p><p><blockquote>—</blockquote></p><p><b>Economic Calendar</b></p><p><blockquote><b>经济日历</b></blockquote></p><p><b>Monday:</b> <i>No notable reports scheduled for release.</i></p><p><blockquote><b>星期一:</b><i>没有计划发布值得注意的报告。</i></blockquote></p><p><b>Tuesday:</b> <b><i>NFIB Small Business Optimism</i></b>, September (91.8 expected, 91.8 during prior month); <b><i>Monthly Budget Statement</i></b>, September (-$219.6 billion)</p><p><blockquote><b>星期二:</b><b><i>NFIB小企业乐观情绪</i></b>,9月(预期为91.8,上月为91.8);<b><i>月度预算报表</i></b>,9月(-2,196亿美元)</blockquote></p><p><b>Wednesday</b>: <b><i>MBA Mortgage Applications</i></b>, week ended Oct. 7 (-14.2% during prior week); <b><i>PPI excluding food and energy</i></b>, year-over-year, September (7.3% expected, 7.3% during prior month); <b><i>PPI final demand</i></b>, month-over-month, September (0.2% expected, -0.1% during prior month);<b><i>PPI excluding food and energy</i></b>, month-over-month, September (0.3% expected, 0.4% during prior month); <b><i>PPI excluding food, energy, and trade</i></b>, month-over-month, September (0.2% expected, 0.2% during prior month); <b><i>PPI final demand</i></b>, year-over-year, September (8.4% expected, 8.7% during prior month); <b><i>PPI excluding food, energy, and trade</i></b>, year-over-year, September (5.6% during prior month); <b><i>FOMC Meeting Minutes</i></b>, September 21</p><p><blockquote><b>星期三</b>:<b><i>MBA抵押贷款申请</i></b>截至10月7日的一周(前一周为-14.2%);<b><i>不包括食品和能源的PPI</i></b>,9月份同比(预期7.3%,上月7.3%);<b><i>PPI最终需求</i></b>,9月份环比(预期0.2%,上月-0.1%);<b><i>不包括食品和能源的PPI</i></b>,9月份环比(预期0.3%,上月0.4%);<b><i>PPI不包括食品、能源和贸易</i></b>,9月份环比(预期0.2%,上月0.2%);<b><i>PPI最终需求</i></b>,9月份同比(预期8.4%,上月8.7%);<b><i>PPI不包括食品、能源和贸易</i></b>9月份同比(上月增长5.6%);<b><i>FOMC会议纪要</i></b>,9月21日</blockquote></p><p><b>Thursday:</b> <b><i>Consumer Price Index</i></b>, month-over-month, September (0.2% expected, 0.1% during prior month); <b><i>CPI excluding food and energy</i></b>, month-over-month, September (0.4% expected, 0.6% during prior month); <b><i>Consumer Price Index</i></b>, year-over-year, September (8.1% expected, 8.3% during prior month); <b><i>CPI excluding food and energy</i></b>, year-over-year, September (6.5% expected, 6.3% during prior month); <b><i>CPI Index NSA</i></b>, September (296.417 expected, 296.171 during prior month); <b><i>CPI Core Index SA</i></b>, September (296.950 during prior month); <b><i>Initial jobless claims</i></b>, week ended Oct. 8 (225,000 expected, 219,000 during prior week); <b><i>Continuing claims</i></b>, week ended Oct.1 (1.361 during prior week); <b><i>Real Average Weekly Earnings</i></b>, year-over-year, September (-3.4% during prior month)</p><p><blockquote><b>星期四:</b><b><i>消费物价指数</i></b>,9月份环比(预期0.2%,上月0.1%);<b><i>不包括食品和能源的CPI</i></b>,9月份环比(预期0.4%,上月0.6%);<b><i>消费物价指数</i></b>,9月份同比(预期8.1%,上月8.3%);<b><i>不包括食品和能源的CPI</i></b>,9月份同比(预期为6.5%,上月为6.3%);<b><i>CPI指数NSA</i></b>,9月(预期296.417,上月296.171);<b><i>CPI核心指数SA</i></b>,9月(上月为296.950);<b><i>首次申请失业救济人数</i></b>截至10月8日的一周(预期为225,000人,前一周为219,000人);<b><i>持续索赔</i></b>,截至10月1日的一周(前一周为1.361);<b><i>实际平均周收入</i></b>,9月份同比(上月-3.4%)</blockquote></p><p><b>Friday:</b><b><i>Retail Sales Advance</i></b>, month-over-month, September (0.2% expected, 0.3% during prior month); <b><i>Retail Sales excluding autos</i></b>, month-over-month, September (-0.1% expected, -0.3% during prior month); <b><i>Retail Sales excluding autos and gas</i></b>, month-over-month, September (0.3% during prior month); <b><i>Retail Sales Control Group</i></b>, September (0.0% during prior month); <b><i>Import Price Index</i></b>, month-over-month, September (-1.1% expected, -1.0% during prior month); <b><i>Import Price Index excluding petroleum</i></b>, month-over-month, September (-0.2% during prior month);<b><i>Import Price Index</i></b>, year-over-year, September (7.8% during prior month); <b><i>Export Price Index</i></b>, month-over-month, September (-1.2% expected, -1.6% during prior month); <b><i>Export Price Index</i></b>, year-over-year, September (10.8% during prior month); <b><i>Bloomberg Oct. United States Economic Survey</i></b>; <b><i>Business Inventories</i></b>, August (0.9% expected, 0.6% during prior reading); <b><i>University of Michigan Consumer Sentiment</i></b>, October preliminary (58.8 expected, 58.6 during prior month)</p><p><blockquote><b>星期五:</b><b><i>零售销售预付款</i></b>,9月份环比(预期0.2%,上月0.3%);<b><i>不包括汽车的零售额</i></b>,9月份环比(预期为-0.1%,上月为-0.3%);<b><i>不包括汽车和汽油的零售额</i></b>,9月份环比(上月增长0.3%);<b><i>零售销售控制组</i></b>,9月(上月为0.0%);<b><i>进口价格指数</i></b>,9月份环比(预期为-1.1%,上月为-1.0%);<b><i>不含石油的进口价格指数</i></b>,9月份环比(上月-0.2%);<b><i>进口价格指数</i></b>9月份同比(上月增长7.8%);<b><i>出口价格指数</i></b>,9月份环比(预期为-1.2%,上月为-1.6%);<b><i>出口价格指数</i></b>9月份同比(上月增长10.8%);<b><i>彭博十月美国经济调查</i></b>;<b><i>业务存货</i></b>,8月(预期0.9%,前值0.6%);<b><i>密歇根大学消费者情绪</i></b>,10月份初步数据(预期为58.8,上月为58.6)</blockquote></p><p>—</p><p><blockquote>—</blockquote></p><p><b>Earnings Calendar</b></p><p><blockquote><b>盈利日历</b></blockquote></p><p><b>Monday:</b> <i>No notable reports scheduled for release.</i></p><p><blockquote><b>星期一:</b><i>没有计划发布值得注意的报告。</i></blockquote></p><p><b>Tuesday:</b> <b><i>AZZ</i></b>(AZZ), <b><i>Pinnacle Financial Partners</i></b>(PNFP)</p><p><blockquote><b>星期二:</b><b><i>AZZ</i></b>(AZZ),<b><i>顶峰金融合作伙伴</i></b>(PNFP)</blockquote></p><p></p><p><b>Wednesday:</b> <b><i>PepsiCo</i></b>(PEP), <b><i>Duck Creek Technologies</i></b>(DCT)</p><p><blockquote><b>星期三:</b><b><i>百事可乐</i></b>(PEP),<b><i>鸭溪技术公司</i></b>(DCT)</blockquote></p><p><b>Thursday:</b> <b><i>BlackRock</i></b>(BLK), <b><i>Delta Air Lines</i></b>(DAL), <b><i>Progressive</i></b>(PGR), <b><i>Walgreens Boots Alliance</i></b>(WBA), <b><i>Commercial Metals</i></b>(CMC), <b><i>Taiwan Semiconductor</i></b>(TSM)</p><p><blockquote><b>星期四:</b><b><i>贝莱德</i></b>(BLK),<b><i>达美航空</i></b>(达尔),<b><i>进步的</i></b>(PCR),<b><i>沃尔格林靴子联盟</i></b>(WBA),<b><i>商业金属</i></b>(CMC),<b><i>台积电</i></b>(TSM)</blockquote></p><p><b>Friday:</b> <b><i>JPMorgan</i></b>(JPM), <b><i>Citigroup</i></b>(C), <b><i>Morgan Stanley</i></b>(MS), <b><i>PNC</i></b>(PNC), <b><i>U.S. Bancorp</i></b>(USB), <b><i>UnitedHealth</i></b>(UNH), <b><i>Wells Fargo</i></b>(WFC)</p><p><blockquote><b>星期五:</b><b><i>摩根大通</i></b>(摩根大通),<b><i>花旗集团</i></b>(C),<b><i>摩根士丹利</i></b>(MS),<b><i>PNC</i></b>(PNC),<b><i>美国合众银行</i></b>(USB),<b><i>联合健康</i></b>(UNH),<b><i>富国银行</i></b>(WFC)</blockquote></p><p><img src=\"https://static.tigerbbs.com/ab39c81b03db8f153d4fd3ab9b19d463\" tg-width=\"1080\" tg-height=\"1920\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><blockquote></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>CPI Sets the Stage for Fed's November Hike, Banks Report for Q3: What to Know This Week<blockquote>CPI为美联储11月加息奠定了基础,银行第三季度报告:本周需要了解什么</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCPI Sets the Stage for Fed's November Hike, Banks Report for Q3: What to Know This Week<blockquote>CPI为美联储11月加息奠定了基础,银行第三季度报告:本周需要了解什么</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Yahoo Finance</strong><span class=\"h-time small\">2022-10-10 06:45</span>\n</p>\n</h4>\n</header>\n<article>\n<p><html><head></head><body>An already strained U.S. stock market will be further challenged in the week ahead as the government publishes a key inflation report and megabanks kick off what’s likely to be a murky earnings season.</p><p><blockquote><html><head></head><body>随着政府发布一份重要的通胀报告以及大型银行开启可能黯淡的财报季,本已紧张的美国股市将在未来一周面临进一步挑战。</body></html></blockquote></p><p>The highly-awaited Consumer Price Index (CPI) takes top billing in coming days, with third-quarter financials from the country’s largest banks – JPMorgan (JPM), Citi (C), and Wells Fargo (WFC) – following suit in the line of importance.</p><p><blockquote>备受期待的消费者价格指数(CPI)将在未来几天占据首位,美国最大的银行摩根大通(JPM)、花旗(C)和富国银行(WFC)的第三季度财务数据也将紧随其后。重要性线。</blockquote></p><p><img src=\"https://static.tigerbbs.com/0f0f37bbff5251cf5a672004561faeef\" tg-width=\"2044\" tg-height=\"1448\" width=\"100%\" height=\"auto\"/></p><p><blockquote></blockquote></p><p>A fresh CPI reading on Thursday is expected to dictate how much more aggressive the Federal Reserve will get with its interest rate hiking plans, which are already the most combative in decades. The consequential economic release will hold even greater significance after the Labor Department’s September jobs report on Friday suggested officials have further room for increases.</p><p><blockquote>周四公布的新CPI数据预计将决定美联储加息计划的激进程度,该计划已经是几十年来最激进的。在劳工部周五发布的9月份就业报告表明官员们还有进一步增长的空间后,随之而来的经济数据将具有更大的意义。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/541f2357db95a28c89672d947882d8dd\" tg-width=\"960\" tg-height=\"589\" referrerpolicy=\"no-referrer\"/><span>JPMorgan President and CEO Jamie Dimon testifies on Capitol Hill in Washington, U.S., September 22, 2022. (REUTERS/Evelyn Hockstein)</span></p><p><blockquote><p class=\"t-img-caption\"><span>摩根大通总裁兼首席执行官杰米·戴蒙于2022年9月22日在美国华盛顿国会山作证。(路透社/伊芙琳·霍克斯坦)</span></p></blockquote></p><p>The U.S. economy added 263,000 jobs last month, a moderation from the prior print but still a robust hiring figure, as the unemployment rate fell to 3.5%. The weaker-than-expected decline in payroll gains dashed investor hopes that FOMC members might shift away from monetary tightening sooner than anticipated.</p><p><blockquote>美国经济上个月增加了263,000个就业岗位,较之前的数据有所放缓,但仍是强劲的招聘数据,失业率降至3.5%。就业增长降幅弱于预期,令投资者对FOMC成员可能比预期更早放弃货币紧缩的希望破灭。</blockquote></p><p>That reality sent stocks spiraling on Friday. The S&P 500 (^GSPC) plunged 2.8%, the Dow Jones Industrial Average (^DJI) shed 630 points, and the Nasdaq Composite (^IXIC) led the way down at a decline of 3.8%. The major averages managed to end higher for the week after three straight down weeks after retaining some gains from a transient rally the first two trading days of October.</p><p><blockquote>这一现实导致周五股市飙升。标普500(^GSPC)暴跌2.8%,道琼斯工业平均指数(^DJI)下跌630点,纳斯达克综合指数(^IXIC)领跌,跌幅为3.8%。主要股指在连续三周下跌后,在保留了10月份前两个交易日短暂反弹的一些涨幅后,本周最终收高。</blockquote></p><p><img src=\"https://static.tigerbbs.com/d03327c522e4f944485e66952e5c24a2\" tg-width=\"1016\" tg-height=\"600\" referrerpolicy=\"no-referrer\"/></p><p><blockquote></blockquote></p><p>“Persistent strength in hiring and a drop in the unemployment rate, in our view, mean the Fed is unlikely to pivot in the direction of a slower pace of rate hikes until it has more clear evidence that employment growth is slowing,” analysts at Bank of America said in a note on Friday, adding that the institution expects a fourth 75-basis-point rate increase in November.</p><p><blockquote>分析师表示:“我们认为,招聘持续强劲和失业率下降意味着美联储不太可能转向放缓加息步伐,直到有更明确的证据表明就业增长正在放缓。”美国银行周五在一份报告中表示,并补充说,该机构预计11月份将第四次加息75个基点。</blockquote></p><p>And this week’s inflation reading could corroborate such a move next month. According to Bloomberg forecasts, the headline consumer price index for September is expected to show a slight moderation on a year-over-year figure to 8.1% from 8.3% in August, but an increase to 0.2% from 0.1% over the month.</p><p><blockquote>本周的通胀数据可能会证实下个月的这一举措。根据彭博社预测,9月份总体消费者价格指数同比预计将从8月份的8.3%小幅放缓至8.1%,但环比将从0.1%升至0.2%。</blockquote></p><p>All eyes will be on the “core” component of the report, which strips out the volatile food and energy categories. Economists surveyed by Bloomberg project core CPI rose to 6.5% from 6.3% over the year but moderated to 0.4% monthly from 0.6% in August.</p><p><blockquote>所有的目光都将集中在报告的“核心”部分,该部分剔除了不稳定的食品和能源类别。彭博社调查的经济学家预计,核心CPI从去年的6.3%升至6.5%,但月度涨幅从8月份的0.6%放缓至0.4%。</blockquote></p><p>Marginal fluctuations in the data have not been reassuring enough to Federal Reserve members that they can step away from intervening any time soon. Speaking at an event in New York last week, Federal Reserve Bank of San Francisco President Mary Daly called inflation a “corrosive disease,”and a “toxin that erodes the real purchasing power of people.”</p><p><blockquote>数据的边际波动并不足以让美联储成员放心,他们可以很快停止干预。旧金山联邦储备银行行长玛丽·戴利上周在纽约举行的一次活动上发表讲话,称通货膨胀是一种“腐蚀性疾病”,是“侵蚀人们实际购买力的毒素”。</blockquote></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/a183e6937eab492d9c263c10c4650349\" tg-width=\"960\" tg-height=\"671\" referrerpolicy=\"no-referrer\"/><span>A sign for the Federal Reserve Board of Governors is seen at the entrance to the William McChesney Martin Jr. building ahead of a news conference by Federal Reserve Board Chairman Jerome Powell on interest rate policy, in Washington, U.S., September 21, 2022. REUTERS/Kevin Lamarque</span></p><p><blockquote><p class=\"t-img-caption\"><span>2022年9月21日,在美国华盛顿,美联储主席杰罗姆·鲍威尔就利率政策举行新闻发布会之前,小威廉·麦克切斯尼·马丁大楼入口处可以看到美联储理事会的标志。路透社/凯文·拉马克</span></p></blockquote></p><p>Elsewhere in economic releases, investors will also get a gauge of how quickly prices are rising at the wholesale level with the producer price index, or PPI, which measures the change in the prices paid to U.S. producers of goods and services; a reading on how consumer spending is faring amid persistent inflation and slowing economic conditions with the government’s retail sales report; and a consumer sentiment check from the University of Michigan closely watched survey.</p><p><blockquote>在经济发布的其他地方,投资者还将通过生产者价格指数(PPI)来衡量批发价格上涨的速度,该指数衡量支付给美国商品和服务生产商的价格变化;通过政府的零售销售报告,了解在持续通胀和经济状况放缓的情况下消费者支出的表现;以及密歇根大学备受关注的消费者信心调查。</blockquote></p><p>Meanwhile, bank earnings will set the stage for a third-quarter earnings season expected to be ridden with economic warnings from corporate executives about the state of their businesses, slashed earnings per share estimates across Wall Street, and generally milder results as price and rate pressures weighed on companies in the recent three-month period.</p><p><blockquote>与此同时,银行财报将为第三季度财报季奠定基础,预计第三季度财报季将充满企业高管对其业务状况的经济警告、华尔街每股收益预期的大幅下调以及价格和利率压力导致的业绩普遍温和。近三个月来,企业面临压力。</blockquote></p><p>Results from JPMorgan, Citigroup, Wells Fargo, and Morgan Stanley are all on tap for the coming week and will be followed by Goldman Sachs (GS) and Bank of America (BAC) the following week.</p><p><blockquote>摩根大通、花旗集团、富国银行和摩根士丹利的业绩都将在下周公布,高盛(GS)和美国银行(BAC)也将在下周跟进。</blockquote></p><p></p><p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/5088c955861b1fd864d4c07b311fec8a\" tg-width=\"960\" tg-height=\"616\" referrerpolicy=\"no-referrer\"/><span>Chief executives of the country's largest banks are sworn-in at the start of a Senate Banking, Housing, and Urban Affairs hearing on "Annual Oversight of the Nation's Largest Banks", on Capitol Hill in Washington, U.S., September 22, 2022. REUTERS/Evelyn Hockstein</span></p><p><blockquote><p class=\"t-img-caption\"><span>2022年9月22日,美国华盛顿国会山,美国最大银行的首席执行官在参议院银行、住房和城市事务听证会开始时宣誓就职,主题是“美国最大银行的年度监督”。路透社/伊芙琳·霍克斯坦</span></p></blockquote></p><p>Banks typically benefit from central bank policy tightening, with higher interest rates boosting their net interest income (the bank’s earnings on its lending activities and interest it pays to depositors) and net interest margins (calculated by dividing net interest income by the average income earned from interest-producing assets.) However, challenging market conditions that have dealt a blow to dealmaking activity and general macroeconomic uncertainty are poised to offset higher net interest income.</p><p><blockquote>银行通常受益于央行政策收紧,利率上升会提高其净利息收入(银行贷款活动的收益和向储户支付的利息)和净息差(通过将净利息收入除以平均收入计算)然而,对交易活动和总体宏观经济不确定性造成打击的充满挑战的市场状况将抵消净利息收入的增加。</blockquote></p><p>Analysts at Bank of America project earnings growth to slow across banks and brokers to 2.0% year-over-year in the third quarter from 5.9% in the second and 7.7% in the third, per bottom-up consensus estimates, per a recent note.</p><p><blockquote>根据最近的一份自下而上的共识预测,美国银行分析师预计,第三季度银行和经纪商的盈利同比增长将从第二季度的5.9%和第三季度的7.7%放缓至2.0%。</blockquote></p><p>However, that drop pales in comparison to expectations for sectors outside of financials — with the exception of the energy sector — according to BofA. Earnings growth in those areas “is expected to dip well into the negative territory,” the bank warned in a note, with expectations for growth of -4.2% year-over-year in the third quarter, down from -1.3% in the second quarter.</p><p><blockquote>然而,美国银行表示,与金融以外行业(能源行业除外)的预期相比,这一下降幅度相形见绌。该行在一份报告中警告称,这些领域的盈利增长“预计将大幅下滑至负值”,预计第三季度同比增长为-4.2%,低于第二季度的-1.3%。</blockquote></p><p>—</p><p><blockquote>—</blockquote></p><p><b>Economic Calendar</b></p><p><blockquote><b>经济日历</b></blockquote></p><p><b>Monday:</b> <i>No notable reports scheduled for release.</i></p><p><blockquote><b>星期一:</b><i>没有计划发布值得注意的报告。</i></blockquote></p><p><b>Tuesday:</b> <b><i>NFIB Small Business Optimism</i></b>, September (91.8 expected, 91.8 during prior month); <b><i>Monthly Budget Statement</i></b>, September (-$219.6 billion)</p><p><blockquote><b>星期二:</b><b><i>NFIB小企业乐观情绪</i></b>,9月(预期为91.8,上月为91.8);<b><i>月度预算报表</i></b>,9月(-2,196亿美元)</blockquote></p><p><b>Wednesday</b>: <b><i>MBA Mortgage Applications</i></b>, week ended Oct. 7 (-14.2% during prior week); <b><i>PPI excluding food and energy</i></b>, year-over-year, September (7.3% expected, 7.3% during prior month); <b><i>PPI final demand</i></b>, month-over-month, September (0.2% expected, -0.1% during prior month);<b><i>PPI excluding food and energy</i></b>, month-over-month, September (0.3% expected, 0.4% during prior month); <b><i>PPI excluding food, energy, and trade</i></b>, month-over-month, September (0.2% expected, 0.2% during prior month); <b><i>PPI final demand</i></b>, year-over-year, September (8.4% expected, 8.7% during prior month); <b><i>PPI excluding food, energy, and trade</i></b>, year-over-year, September (5.6% during prior month); <b><i>FOMC Meeting Minutes</i></b>, September 21</p><p><blockquote><b>星期三</b>:<b><i>MBA抵押贷款申请</i></b>截至10月7日的一周(前一周为-14.2%);<b><i>不包括食品和能源的PPI</i></b>,9月份同比(预期7.3%,上月7.3%);<b><i>PPI最终需求</i></b>,9月份环比(预期0.2%,上月-0.1%);<b><i>不包括食品和能源的PPI</i></b>,9月份环比(预期0.3%,上月0.4%);<b><i>PPI不包括食品、能源和贸易</i></b>,9月份环比(预期0.2%,上月0.2%);<b><i>PPI最终需求</i></b>,9月份同比(预期8.4%,上月8.7%);<b><i>PPI不包括食品、能源和贸易</i></b>9月份同比(上月增长5.6%);<b><i>FOMC会议纪要</i></b>,9月21日</blockquote></p><p><b>Thursday:</b> <b><i>Consumer Price Index</i></b>, month-over-month, September (0.2% expected, 0.1% during prior month); <b><i>CPI excluding food and energy</i></b>, month-over-month, September (0.4% expected, 0.6% during prior month); <b><i>Consumer Price Index</i></b>, year-over-year, September (8.1% expected, 8.3% during prior month); <b><i>CPI excluding food and energy</i></b>, year-over-year, September (6.5% expected, 6.3% during prior month); <b><i>CPI Index NSA</i></b>, September (296.417 expected, 296.171 during prior month); <b><i>CPI Core Index SA</i></b>, September (296.950 during prior month); <b><i>Initial jobless claims</i></b>, week ended Oct. 8 (225,000 expected, 219,000 during prior week); <b><i>Continuing claims</i></b>, week ended Oct.1 (1.361 during prior week); <b><i>Real Average Weekly Earnings</i></b>, year-over-year, September (-3.4% during prior month)</p><p><blockquote><b>星期四:</b><b><i>消费物价指数</i></b>,9月份环比(预期0.2%,上月0.1%);<b><i>不包括食品和能源的CPI</i></b>,9月份环比(预期0.4%,上月0.6%);<b><i>消费物价指数</i></b>,9月份同比(预期8.1%,上月8.3%);<b><i>不包括食品和能源的CPI</i></b>,9月份同比(预期为6.5%,上月为6.3%);<b><i>CPI指数NSA</i></b>,9月(预期296.417,上月296.171);<b><i>CPI核心指数SA</i></b>,9月(上月为296.950);<b><i>首次申请失业救济人数</i></b>截至10月8日的一周(预期为225,000人,前一周为219,000人);<b><i>持续索赔</i></b>,截至10月1日的一周(前一周为1.361);<b><i>实际平均周收入</i></b>,9月份同比(上月-3.4%)</blockquote></p><p><b>Friday:</b><b><i>Retail Sales Advance</i></b>, month-over-month, September (0.2% expected, 0.3% during prior month); <b><i>Retail Sales excluding autos</i></b>, month-over-month, September (-0.1% expected, -0.3% during prior month); <b><i>Retail Sales excluding autos and gas</i></b>, month-over-month, September (0.3% during prior month); <b><i>Retail Sales Control Group</i></b>, September (0.0% during prior month); <b><i>Import Price Index</i></b>, month-over-month, September (-1.1% expected, -1.0% during prior month); <b><i>Import Price Index excluding petroleum</i></b>, month-over-month, September (-0.2% during prior month);<b><i>Import Price Index</i></b>, year-over-year, September (7.8% during prior month); <b><i>Export Price Index</i></b>, month-over-month, September (-1.2% expected, -1.6% during prior month); <b><i>Export Price Index</i></b>, year-over-year, September (10.8% during prior month); <b><i>Bloomberg Oct. United States Economic Survey</i></b>; <b><i>Business Inventories</i></b>, August (0.9% expected, 0.6% during prior reading); <b><i>University of Michigan Consumer Sentiment</i></b>, October preliminary (58.8 expected, 58.6 during prior month)</p><p><blockquote><b>星期五:</b><b><i>零售销售预付款</i></b>,9月份环比(预期0.2%,上月0.3%);<b><i>不包括汽车的零售额</i></b>,9月份环比(预期为-0.1%,上月为-0.3%);<b><i>不包括汽车和汽油的零售额</i></b>,9月份环比(上月增长0.3%);<b><i>零售销售控制组</i></b>,9月(上月为0.0%);<b><i>进口价格指数</i></b>,9月份环比(预期为-1.1%,上月为-1.0%);<b><i>不含石油的进口价格指数</i></b>,9月份环比(上月-0.2%);<b><i>进口价格指数</i></b>9月份同比(上月增长7.8%);<b><i>出口价格指数</i></b>,9月份环比(预期为-1.2%,上月为-1.6%);<b><i>出口价格指数</i></b>9月份同比(上月增长10.8%);<b><i>彭博十月美国经济调查</i></b>;<b><i>业务存货</i></b>,8月(预期0.9%,前值0.6%);<b><i>密歇根大学消费者情绪</i></b>,10月份初步数据(预期为58.8,上月为58.6)</blockquote></p><p>—</p><p><blockquote>—</blockquote></p><p><b>Earnings Calendar</b></p><p><blockquote><b>盈利日历</b></blockquote></p><p><b>Monday:</b> <i>No notable reports scheduled for release.</i></p><p><blockquote><b>星期一:</b><i>没有计划发布值得注意的报告。</i></blockquote></p><p><b>Tuesday:</b> <b><i>AZZ</i></b>(AZZ), <b><i>Pinnacle Financial Partners</i></b>(PNFP)</p><p><blockquote><b>星期二:</b><b><i>AZZ</i></b>(AZZ),<b><i>顶峰金融合作伙伴</i></b>(PNFP)</blockquote></p><p></p><p><b>Wednesday:</b> <b><i>PepsiCo</i></b>(PEP), <b><i>Duck Creek Technologies</i></b>(DCT)</p><p><blockquote><b>星期三:</b><b><i>百事可乐</i></b>(PEP),<b><i>鸭溪技术公司</i></b>(DCT)</blockquote></p><p><b>Thursday:</b> <b><i>BlackRock</i></b>(BLK), <b><i>Delta Air Lines</i></b>(DAL), <b><i>Progressive</i></b>(PGR), <b><i>Walgreens Boots Alliance</i></b>(WBA), <b><i>Commercial Metals</i></b>(CMC), <b><i>Taiwan Semiconductor</i></b>(TSM)</p><p><blockquote><b>星期四:</b><b><i>贝莱德</i></b>(BLK),<b><i>达美航空</i></b>(达尔),<b><i>进步的</i></b>(PCR),<b><i>沃尔格林靴子联盟</i></b>(WBA),<b><i>商业金属</i></b>(CMC),<b><i>台积电</i></b>(TSM)</blockquote></p><p><b>Friday:</b> <b><i>JPMorgan</i></b>(JPM), <b><i>Citigroup</i></b>(C), <b><i>Morgan Stanley</i></b>(MS), <b><i>PNC</i></b>(PNC), <b><i>U.S. Bancorp</i></b>(USB), <b><i>UnitedHealth</i></b>(UNH), <b><i>Wells Fargo</i></b>(WFC)</p><p><blockquote><b>星期五:</b><b><i>摩根大通</i></b>(摩根大通),<b><i>花旗集团</i></b>(C),<b><i>摩根士丹利</i></b>(MS),<b><i>PNC</i></b>(PNC),<b><i>美国合众银行</i></b>(USB),<b><i>联合健康</i></b>(UNH),<b><i>富国银行</i></b>(WFC)</blockquote></p><p><img src=\"https://static.tigerbbs.com/ab39c81b03db8f153d4fd3ab9b19d463\" tg-width=\"1080\" tg-height=\"1920\" referrerpolicy=\"no-referrer\" width=\"100%\" height=\"auto\"/></p><p><blockquote></blockquote></p><p></body></html></p><p><blockquote></blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源:<a href=\"https://finance.yahoo.com/news/stock-market-week-ahead-september-cpi-bank-earnings-195249849.html\">Yahoo Finance</a></p>\n<p>为提升您的阅读体验,我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯","C":"花旗",".IXIC":"NASDAQ Composite","UNH":"联合健康","MS":"摩根士丹利","BLK":"贝莱德","DAL":"达美航空","PEP":"百事可乐","JPM":"摩根大通","TSM":"台积电",".SPX":"S&P 500 Index","PNC":"PNC金融","WFC":"富国银行","WBA":"沃尔格林联合博姿"},"source_url":"https://finance.yahoo.com/news/stock-market-week-ahead-september-cpi-bank-earnings-195249849.html","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2274458895","content_text":"An already strained U.S. stock market will be further challenged in the week ahead as the government publishes a key inflation report and megabanks kick off what’s likely to be a murky earnings season.The highly-awaited Consumer Price Index (CPI) takes top billing in coming days, with third-quarter financials from the country’s largest banks – JPMorgan (JPM), Citi (C), and Wells Fargo (WFC) – following suit in the line of importance.A fresh CPI reading on Thursday is expected to dictate how much more aggressive the Federal Reserve will get with its interest rate hiking plans, which are already the most combative in decades. The consequential economic release will hold even greater significance after the Labor Department’s September jobs report on Friday suggested officials have further room for increases.JPMorgan President and CEO Jamie Dimon testifies on Capitol Hill in Washington, U.S., September 22, 2022. (REUTERS/Evelyn Hockstein)The U.S. economy added 263,000 jobs last month, a moderation from the prior print but still a robust hiring figure, as the unemployment rate fell to 3.5%. The weaker-than-expected decline in payroll gains dashed investor hopes that FOMC members might shift away from monetary tightening sooner than anticipated.That reality sent stocks spiraling on Friday. The S&P 500 (^GSPC) plunged 2.8%, the Dow Jones Industrial Average (^DJI) shed 630 points, and the Nasdaq Composite (^IXIC) led the way down at a decline of 3.8%. The major averages managed to end higher for the week after three straight down weeks after retaining some gains from a transient rally the first two trading days of October.“Persistent strength in hiring and a drop in the unemployment rate, in our view, mean the Fed is unlikely to pivot in the direction of a slower pace of rate hikes until it has more clear evidence that employment growth is slowing,” analysts at Bank of America said in a note on Friday, adding that the institution expects a fourth 75-basis-point rate increase in November.And this week’s inflation reading could corroborate such a move next month. According to Bloomberg forecasts, the headline consumer price index for September is expected to show a slight moderation on a year-over-year figure to 8.1% from 8.3% in August, but an increase to 0.2% from 0.1% over the month.All eyes will be on the “core” component of the report, which strips out the volatile food and energy categories. Economists surveyed by Bloomberg project core CPI rose to 6.5% from 6.3% over the year but moderated to 0.4% monthly from 0.6% in August.Marginal fluctuations in the data have not been reassuring enough to Federal Reserve members that they can step away from intervening any time soon. Speaking at an event in New York last week, Federal Reserve Bank of San Francisco President Mary Daly called inflation a “corrosive disease,”and a “toxin that erodes the real purchasing power of people.”A sign for the Federal Reserve Board of Governors is seen at the entrance to the William McChesney Martin Jr. building ahead of a news conference by Federal Reserve Board Chairman Jerome Powell on interest rate policy, in Washington, U.S., September 21, 2022. REUTERS/Kevin LamarqueElsewhere in economic releases, investors will also get a gauge of how quickly prices are rising at the wholesale level with the producer price index, or PPI, which measures the change in the prices paid to U.S. producers of goods and services; a reading on how consumer spending is faring amid persistent inflation and slowing economic conditions with the government’s retail sales report; and a consumer sentiment check from the University of Michigan closely watched survey.Meanwhile, bank earnings will set the stage for a third-quarter earnings season expected to be ridden with economic warnings from corporate executives about the state of their businesses, slashed earnings per share estimates across Wall Street, and generally milder results as price and rate pressures weighed on companies in the recent three-month period.Results from JPMorgan, Citigroup, Wells Fargo, and Morgan Stanley are all on tap for the coming week and will be followed by Goldman Sachs (GS) and Bank of America (BAC) the following week.Chief executives of the country's largest banks are sworn-in at the start of a Senate Banking, Housing, and Urban Affairs hearing on \"Annual Oversight of the Nation's Largest Banks\", on Capitol Hill in Washington, U.S., September 22, 2022. REUTERS/Evelyn HocksteinBanks typically benefit from central bank policy tightening, with higher interest rates boosting their net interest income (the bank’s earnings on its lending activities and interest it pays to depositors) and net interest margins (calculated by dividing net interest income by the average income earned from interest-producing assets.) However, challenging market conditions that have dealt a blow to dealmaking activity and general macroeconomic uncertainty are poised to offset higher net interest income.Analysts at Bank of America project earnings growth to slow across banks and brokers to 2.0% year-over-year in the third quarter from 5.9% in the second and 7.7% in the third, per bottom-up consensus estimates, per a recent note.However, that drop pales in comparison to expectations for sectors outside of financials — with the exception of the energy sector — according to BofA. Earnings growth in those areas “is expected to dip well into the negative territory,” the bank warned in a note, with expectations for growth of -4.2% year-over-year in the third quarter, down from -1.3% in the second quarter.—Economic CalendarMonday: No notable reports scheduled for release.Tuesday: NFIB Small Business Optimism, September (91.8 expected, 91.8 during prior month); Monthly Budget Statement, September (-$219.6 billion)Wednesday: MBA Mortgage Applications, week ended Oct. 7 (-14.2% during prior week); PPI excluding food and energy, year-over-year, September (7.3% expected, 7.3% during prior month); PPI final demand, month-over-month, September (0.2% expected, -0.1% during prior month);PPI excluding food and energy, month-over-month, September (0.3% expected, 0.4% during prior month); PPI excluding food, energy, and trade, month-over-month, September (0.2% expected, 0.2% during prior month); PPI final demand, year-over-year, September (8.4% expected, 8.7% during prior month); PPI excluding food, energy, and trade, year-over-year, September (5.6% during prior month); FOMC Meeting Minutes, September 21Thursday: Consumer Price Index, month-over-month, September (0.2% expected, 0.1% during prior month); CPI excluding food and energy, month-over-month, September (0.4% expected, 0.6% during prior month); Consumer Price Index, year-over-year, September (8.1% expected, 8.3% during prior month); CPI excluding food and energy, year-over-year, September (6.5% expected, 6.3% during prior month); CPI Index NSA, September (296.417 expected, 296.171 during prior month); CPI Core Index SA, September (296.950 during prior month); Initial jobless claims, week ended Oct. 8 (225,000 expected, 219,000 during prior week); Continuing claims, week ended Oct.1 (1.361 during prior week); Real Average Weekly Earnings, year-over-year, September (-3.4% during prior month)Friday:Retail Sales Advance, month-over-month, September (0.2% expected, 0.3% during prior month); Retail Sales excluding autos, month-over-month, September (-0.1% expected, -0.3% during prior month); Retail Sales excluding autos and gas, month-over-month, September (0.3% during prior month); Retail Sales Control Group, September (0.0% during prior month); Import Price Index, month-over-month, September (-1.1% expected, -1.0% during prior month); Import Price Index excluding petroleum, month-over-month, September (-0.2% during prior month);Import Price Index, year-over-year, September (7.8% during prior month); Export Price Index, month-over-month, September (-1.2% expected, -1.6% during prior month); Export Price Index, year-over-year, September (10.8% during prior month); Bloomberg Oct. United States Economic Survey; Business Inventories, August (0.9% expected, 0.6% during prior reading); University of Michigan Consumer Sentiment, October preliminary (58.8 expected, 58.6 during prior month)—Earnings CalendarMonday: No notable reports scheduled for release.Tuesday: AZZ(AZZ), Pinnacle Financial Partners(PNFP)Wednesday: PepsiCo(PEP), Duck Creek Technologies(DCT)Thursday: BlackRock(BLK), Delta Air Lines(DAL), Progressive(PGR), Walgreens Boots Alliance(WBA), Commercial Metals(CMC), Taiwan Semiconductor(TSM)Friday: JPMorgan(JPM), Citigroup(C), Morgan Stanley(MS), PNC(PNC), U.S. Bancorp(USB), UnitedHealth(UNH), Wells Fargo(WFC)","news_type":1,"symbols_score_info":{"TSM":0.9,"MS":0.9,".SPX":0.9,"WBA":0.9,".DJI":0.9,"WFC":0.9,"DAL":0.9,"PNC":0.9,"UNH":0.9,"C":0.9,"BLK":0.9,".IXIC":0.9,"PEP":0.9,"JPM":0.9}},"isVote":1,"tweetType":1,"viewCount":379,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":5,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/666903571"}
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