This Week in Business: Delta earnings, consumer and producer prices

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The Labor Department on Wednesday releases producer price data for September; on Thursday, Delta reports its third-quarter financial results before the bell and Labor reports on inflation at the consumer level.

The producer price index measures inflation at the wholesale level, before businesses pass costs along to consumers. On a month-to-month basis, prices rose 0.7% in August, the biggest increase in more than a year. Economists forecast that growth slowed to 0.3% in September.Rising long-term interest rates are posing the latest threat to a US economic ‘soft landing’Analysts expect the Atlanta-based airline made profit of $1.96 per share on $14.6 billion in sales.

Like other airlines, rising fuel costs spurred Delta last month to lower its profit outlook in the quarter to a range between $1.85 and $2.05 per share, down from the previous guidance of $2.20 to $2.50.In August, consumer prices rose 0.6% from July, the biggest monthly increase in more than a year. Analysts expect price growth slowed to 0.3% in September. Year-over-year, prices rose 3.7% in August, up from a 3.2% annual pace in July.

 

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