Money Minute Tuesday 14 January: US bank results and inflation

In today's Money Minute, we preview results from banking giant sJP Morgan, Citigroup and Wells Fargo, plus the latest consumer price inflation.

Good morning and welcome to Money Minute, where we preview the day's biggest financial stories. In the US this afternoon, investment banking giant JP Morgan kicks off fourth-quarter earnings season for the sector. JP Morgan has consistently been a strong performer and analysts expect that to continue.  Fellow banks Citigroup and Wells Fargo also report their figures.

Meanwhile, on the economic front, we get consumer price inflation for December. Prices for US consumers are expected to have risen by around 2.3% on last year. That’s a little above the Federal Reserve’s target of 2%. However, the US central bank has made it clear that it is comfortable with tolerating a period   of above-target inflation. The Fed argues that because inflation has spent so long below target, they should be willing to allow the economy to run a little “hot” to make up for it. It’s basically just an excuse to keep interest rates low. So unless inflation comes in well above expectations, the market is unlikely to react badly.

Subscribe to MoneyWeek

Become a smarter, better informed investor with MoneyWeek.



Money Minute Thursday 9 January: EU withdrawal, plus eurozone and US jobs figures

Today's Money Minute looks ahead to the vote on the government's EU withdrawal bill and the latest employment figures for the eurozone and the US.
9 Jan 2020

Money Minute Wednesday 8 January: UK house prices and Chinese inflation

In today's Money Minute we look ahead to the latest report on house prices from Halifax; plus inflation in China and European business confidence.
8 Jan 2020

Money Minute Tuesday 7 January: will US services fare better than manufacturing?

Today's Money Minute looks ahead to the latest figures from America's services sector, plus the health of the eurozone's retail sector.
7 Jan 2020

Money Minute Monday 6 January: the week ahead

In today's Money Minute, we take a look ahead to this week’s biggest financial stories, including UK house prices and American wages.
6 Jan 2020

Most Popular


A global coronavirus pandemic seems inevitable – are markets still too complacent?

Coronavirus is going global. It’s only a matter of time before it’s classed as a pandemic. John Stepek looks at the markets’ reaction, and explains ho…
24 Feb 2020
Buy to let

Come back buy-to-letters, all is forgiven

The government is winning its war against small private buy-to-let landlords. But who benefits?
23 Feb 2020
Pension tax

Why it makes sense to scrap higher-rate pensions tax relief

The point of pensions tax relief is to keep you out of the means-tested benefits system. The current system is ridiculously generous, says Merryn Some…
24 Feb 2020

Why investors shouldn’t overlook Europe

SPONSORED CONTENT - Ollie Beckett, manager of the TR European Growth Trust, tackles investor questions around Europe’s economic outlook and the conseq…
6 Nov 2019