Consumer Prices, Taiwan Semiconductor, Delta Air Lines: 3 Things to Watch

This post was originally published on this site — Stocks closed lower after the Federal Reserve’s meeting minutes from September show the policymakers expect higher interest rates to stick around, despite hopes for a pivot.

Key inflation data due out Thursday could help the Fed decide the size of its next rate move in November, which markets are predicting to be another 0.75 percentage point increase.

Some of the Fed’s policy making committee members talked about “calibrating” the pace of Fed moves to mitigate the risk of damage to the economic outlook, the minutes said. But the Fed members appeared to agree that doing too much was less of a risk than doing too little.

Earnings season is also gearing up, with a smattering of large companies on deck for Thursday after Pepsi beat expectations and raised its outlook earlier Wednesday. Pepsi said it was able to raise prices. Investors will be listening to other companies to hear what they have to say about costs, profit margins, and demand in the near term.

Here are three things that could affect markets tomorrow:

1. Consumer prices

The consumer price index data come out at 8:30 ET (12:30 GMT). Analysts expect core prices to rise 0.5% in September from August and 6.5% from a year ago. Top line CPI is expected to rise 0.2% from August and 8.1% over a year.

2. Taiwan Semi earnings

Taiwan Semiconductor Manufacturing (NYSE:TSM) is expected to report earnings of $1.66 a share on revenue of $19.65 billion amid a turbulent environment for chip makers.

3. Delta earnings

Delta Air Lines Inc (NYSE:DAL) is expected to report EPS of $1.55 on revenue of $12.9 billion, and analysts will be waiting to hear about travel demand and flight capacity.