CPI ahead, Fed minutes, Delta Air Lines to report - what's moving markets
Investing.com -- Futures on Wall Street tick down ahead of the latest US inflation reading and a raft of corporate earnings. Economists predict that the pace of headline price growth eased closer to the Federal Reserve's 2% target level in September. Elsewhere, minutes from the Fed's meeting last month show that a"substantial" majority of members backed a 50-basis point interest rate cut, although some officials flagged reservations about the larger size of reductions.
Elsewhere, weekly first-time claims for unemployment benefits are forecast to edge up to 231,000 from the prior reading of 225,000, although it remains to be seen how the number could be impacted by the recently devastating Hurricane Helene in the US Southeast and ongoing strikes at aerospace group Boeing FedWatch Tool showed. Meanwhile, there is about a 15% probability that borrowing costs are left unchanged at the current range of 4.75% to 5.00%.
Analysts at Bank of America Securities said they expect seat growth capacity will continue to be a major focus when Delta reports on Thursday.
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