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The Chronicle Telegram in Elyria, Ohio

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jul 06, 2024

Page

29

Inflation gains fade as price rise cools signaling rate relief

The government reports June consumer prices cooled for a second straight month after May easing, suggesting inflation may have peaked and possibly bringing the Federal Reserve closer to cutting its policy rate. Analysts foresee a modest rise in core prices this month. Delta Air Lines sets earnings for Q2 before the bell, with Wall Street expecting strong results. Atlanta based carrier posted $2.36 per share on $15.5 billion in sales with optimism of another record quarter.

Federal Reserve Eye On the Sky Delta Air Lines Wall Street Delta

Bank earnings highlight mixed results across major lenders

Big U S banks prepare to report latest results with JPMorgan showing a 6 percent profit rise last quarter while Wells Fargo and Citigroup faced declines. Analysts expect Wells Fargo and Citigroup to post modest year over year improvements in the current quarter amid inflation and geopolitical tensions.

U.S Jpmorgan Wells Fargo Citigroup Wells Citi

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