{
  "id": 16299426,
  "title": "Inflation, earnings reports and the mood of consumers and the Federal Reserve fill out a busy week",
  "url": "https://urgent.news/2026/10/24/inflation-earnings-reports-and-the-mood-of-consumers-and-the-federal",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-24T08:01:43.000Z",
  "source": {
    "name": "Winnipeg Free Press",
    "slug": "winnipeg-free-press",
    "url": "https://www.winnipegfreepress.com/business/2026/10/24/inflation-earnings-reports-and-the-mood-of-consumers-and-the-federal-reserve-fill-out-a-busy-week"
  },
  "original_language": "en",
  "account": "New York (AP) — A crucial update on inflation's effects on consumer confidence, economic growth, and interest rate decisions will dominate the busy schedule this week, alongside significant earnings reports. Inflation remains stubbornly high, consumer confidence is waning, and the robust jobs market is exhibiting signs of strain. Here's an overview of the key reports scheduled for the week ahead.\n\nConsumer confidence is expected to decline further in the upcoming Consumer Confidence Survey from The Conference Board. The latest survey revealed that consumer confidence dropped in September to its lowest point in over a decade. October's survey is anticipated to show a continued decline, with confidence remaining significantly lower than it was two years ago.\n\nThe Federal Reserve is set to conclude a two-day meeting on Wednesday, and it is anticipated to maintain its benchmark interest rate steady following the September hike. The central bank remains concerned about inflation and may need to continue raising rates to curb rising costs. Wall Street anticipates another rate increase at the Fed's meeting in December. Higher interest rates can slow economic growth and help tame inflation, but they may also negatively impact job growth at a time when the labor market is showing signs of stress.\n\nEconomic growth is expected to be sluggish, with the U.S. Department of Commerce releasing its initial report on third-quarter growth on Thursday. Economists forecast that gross domestic product (GDP), which measures the nation's output of goods and services, grew by 1.7% from July to September. This is a slight decrease from the 2.2% growth in the second quarter. Growth has been diminishing since the first quarter due to higher oil prices contributing to persistent inflation. However, the strong stock market and businesses investing in artificial intelligence technology have provided some support. Nevertheless, households have been grappling with higher costs for gas, groceries, and other essentials, while average wages for workers have stagnated.",
  "summary": null,
  "key_points": [
    "Consumer confidence expected to decline further in upcoming survey",
    "Federal Reserve to maintain interest rates steady after September hike",
    "U.S. GDP growth forecasted at 1.7% for third quarter"
  ],
  "editors_take": "The convergence of cooling consumer confidence and slowing economic growth forces the Federal Reserve to balance persistent inflation against an increasingly strained labor market and stagnating wages.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}