Data will show Fed’s appetite - New York Report

 
City A.M. Reporter
Bank of America is releasing earnings figures this week
FIGURES out this week will give another indication regarding the appetite of the Federal Reserve to raise rates from historic lows before the end of the year.

Producer prices for last month, published on Wednesday, are expected to remain negative, down 0.8 per cent year on year.

September inflation data, to be released on Thursday, are expected to show US consumer prices falling back into deflationary territory.

Retail sales figures for September are also out on Wednesday, and industrial production data are released on Friday. While annual growth at the start of the year was close to four per cent, Aug­ust showed growth of just over one per cent.

Financial firms JP Morgan Chase, Bank of America, Well Fargo, Citigroup and Goldman Sachs Group are all releasing earnings figures this week.

Unusually, Goldman Sachs plans to publish its quarterly earnings statement through its website and its Twitter feed.