This Week: Producer prices, Delta earns, JPMorgan earns
A look at some of the key business events and economic indicators upcoming this week:
EYE ON INFLATION
The prices that producers receive for their goods and services have been increasing more slowly of late.
The producer price index, which measures inflation before it reaches consumers, fell 0.1 percent in August after being flat in July. Falling prices for transportation and warehousing services helped pull down the August reading. Did the trend continue last month? Find out Wednesday, when the Labor Department reports its latest producer price index.
Producer price index, monthly percent change, seasonally adjusted:
Sept. (est.) 0.2
THE FLORENCE EFFECT
Hurricane Florence saddled Delta Air Lines with millions in losses in the third quarter.
The airline, which is due to report quarterly results Thursday, recently warned that it took a $30 million hit from the hurricane, which caused at least 3,500 flight cancellations last month, mostly in the Carolinas. Delta also noted it’s paying more for fuel. Even so, financial analysts project that Delta will report increased earnings.
BANK ON MORE PROFITS
JPMorgan Chase serves up its third-quarter results Friday.
The nation’s largest bank by assets and revenue has benefited from higher interest rates, which allow banks to reap bigger profits from credit cards and other loans, and from a much lower tax bill. In the second quarter, JPMorgan’s profits jumped 18 percent from a year earlier. Analysts expect the bank’s latest earnings also improved from a year ago.