Business News

We Have Kicked Off Earnings Season

Well we have kicked off earnings season. There are several reasons to be optimistic about third quarter earnings season, including healthy manufacturing activity globally, resilient estimates, the relatively low proportion of negative pre-announcements, and U.S. dollar weakness. Consensus is now calling for a 9% year-over-year drop in bank earnings for the quarter, making this week's big bank results particularly important. (LPL Research)

The Labor Department said prices at the wholesale level climbed as the PPI rose 0.4% in September. The index has risen 2.6% over the past 12 months. September's burst of inflation is likely the result of oil refineries curtailing due to Hurricane Harvey. Gasoline prices surged 10.9% in September. For producers, food costs were unchanged last month, motor vehicle costs rose and computer chips fell in price.

The Fed released the minutes of its September Federal Open Market Committee meeting. The minutes showed a continued debate among members on below-target inflation, but the majority opinion continues to be that with unemployment so low, it may be more dangerous to wait to hike rates. A rate hike is expected in December. (LPL Research)

With Northwest Quadrant Wealth Management, a Registered Investment Advisor I am Troy Reinhart.

On Air Now

Lars Larson
Lars Larson
12:00pm - 3:00pm
Lars Larson





News Disclaimers