September U.S. CPI is expected to rise 0.6% month-on-month and 3.6% year-on-year, with the Federal Reserve also due to publish its Beige Book. Bank of America, Morgan Stanley and BlackRock are expected to report higher third-quarter profits.
The Labor Department is scheduled to release September CPI. Inflation is expected to rise 0.6% month-on-month, from 0.4% in August, and accelerate to 3.6% year-on-year from 3.4%. Core CPI is forecast to increase 0.2% on the month, with the annual rate at 2.5%. The Federal Reserve is also scheduled to publish its Beige Book.
Bank of America is likely to report higher third-quarter profit, with income from customer interest payments anticipated to jump. Investors will watch management commentary on its capital markets business after CEO Moynihan’s weak forecast last month sparked a selloff in U.S. big bank stocks. Morgan Stanley is expected to report higher profit, while BlackRock is expected to report higher profit and revenue.
Richmond Fed President Thomas Barkin and Federal Reserve Vice Chair for Supervision Michelle Bowman are scheduled to take part in events. Statistics Canada is due to release August building permits data, after a 17.3% decline the previous month.
