Stocks soar as investors shrug off hot inflation report
American Action Forum President Douglas Holtz-Eakin discusses the latest inflation report and how it will affect families on ‘Fox Business Tonight.’
Here are the key events taking place on Friday that could impact trading.
BANK EARNINGS: The big banks unofficially kick off third-quarter earnings season Friday morning.
JPMorgan Chase, Wells Fargo, Citigroup, and Morgan Stanley are all scheduled to report ahead of the opening bell.
Rising interest rates should help the banks by boosting net interest margin and net interest income. On the flip side, the jump in borrowing costs could mean that loan demand takes a hit.
FED ENLISTS SIX MAJOR BANKS FOR CLIMATE RISK ANALYSIS