A look at a number of the major business events and economic indicators Coming this week:
Delta Air Lines reports its results for its third quarter Tuesday.
Wall Street forecasts the airline’s losses mounted following a sharp fall in earnings versus the same quarter this past year. The pandemic has resulted in a global decrease in aviation, forcing airlines to cut the number of flights and furlough tens of thousands of workers. The industry is expecting for more federal help to prevent needing to furlough or lay off tens of thousands more employees in forthcoming weeks.
EYE ON INFLATION
Economists forecast that U.S. wholesale prices edged higher a month.
They anticipate the Labor Department will report on Wednesday that its producer price index, which measures inflation until it reaches customers, rose 0.2percent in September. That would follow gains of 0.3percent in August and 0.6percent in July. Within the previous 12 months, wholesale prices have declined 0.2percent while core prices, which exclude volatile meals and energy expenses, are up a small 0.6%.
Americans have awakened spending following a sharp pullback in the spring because of the outbreak, but the speed of the growth has slowed.
U.S. retail sales rose 0.6percent in August. That increased increases of 0.9percent in July, 8.6percent in June, and 18.3percent in May. 1 reason why spending growth has slowed is lots of men and women who lost jobs are no longer getting a $600-a-week increase in their unemployment checks. Discover Friday, when the Commerce Department conducts its newest retail sales statistics.