In September, inflation in the United States fell to its lowest point since it first began surging more than three years ago. Consumer prices rose just 2.4% in September from a year earlier, down from 2.5% in August, and the smallest annual rise since February 2021. Analysts expect that number ticked up to 2.5% last month.Analysts forecast that Disney, in the midst of a major leadership transition, will post earnings per share of $1.10 on revenue of $22.5 billion.
The Labor Department releases its weekly report on the number of Americans who filed for unemployment benefits. About 221,000 people filed for jobless benefits in the most recent report, consistent with recent levels, which remain historically low. Unemployment claims are considered to be reflective of the number of layoffs in a given week. While there have been some recent softening in the labor market, it has broadly held up well under the stress of high interest rates.