Third-quarter earnings season kicks off this week, with several big banks reporting. Economic data out this week includes the latest reads on U.S. inflation and consumer and small-business sentiment.
reports its third-quarter results on Wednesday, followed by
goes on Friday. Non-bank companies releasing results this week include
Delta Air Lines
on Wednesday, and
The economic data highlights of the week will be the September consumer price index on Wednesday and the producer price index for September on Thursday. Consensus estimates are for consumer prices to be up 5.3% year over year—continuing a stretch of hot inflation in 2021.
Other notable data released this week include the Census Bureau’s September retail sales report on Friday and a pair of sentiment surveys: The National Federation of Independent Business’ Small Business Optimism Index for September is out on Tuesday, followed by the University of Michigan’s Consumer Sentiment Index for October on Friday.
Economists and Fed watchers will also be paying attention on Wednesday, when the minutes from the Federal Open Market Committee September meeting will be released. Finally, the annual meetings of the World Bank Group and the International Monetary Fund will run virtually all week.
U.S. bond markets are closed in observance of Columbus Day.
The 2021 annual meetings of the World Bank Group and the International Monetary Fund convene primarily in a virtual format. The confab runs through Oct. 17.
Fastenal reports quarterly results.
The Bureau of Labor Statistics releases the Job Openings and Labor Turnover Survey. Consensus estimate is for 11.1 million job openings on the last business day of August,…