Bank Earnings Expected to Decline Despite Boost From Fed Rate Hikes
The latest quarterly figures are expected to preface a lackluster year for bank profits despite the lift anticipated from higher interest rates.
The latest quarterly figures are expected to preface a lackluster year for bank profits despite the lift anticipated from higher interest rates.
Soaring inflation and geopolitical uncertainty from the war in Ukraine are muddying the outlook for the upcoming U.S. earnings season.
The U.S. bond market is hurtling toward the clearest sign yet that the Federal Reserve’s shift into a hawkish gear is making a difference.
Russia’s first external default in a century now looks all but inevitable after another brutal week for the country’s finances.
The markets could crumble under the weight of a series of rate hikes and nagging inflation well before the year ends.
Bonds performed so poorly in the past month that exchange-traded fund investors were forced to buy in record amounts.
Don’t expect the upcoming earnings season to deliver too many positive surprises, said Goldman Sachs Group Inc.’s David Kostin.