This week, there are several significant economic and financial events to keep an eye on, including inflation, Disney, and the debt ceiling.
The provided query accurately describes the current inflation outlook. According to a report by Yahoo Finance, inflation is expected to rise by 0.4% on a month-over-month basis in April. However, on a “core” basis, which excludes the volatile food and energy components of the report, inflation is forecast to increase by 5.5% compared to the previous year, indicating a slowdown in the rate of increase.
It is worth noting that inflation has been a major concern for policymakers and investors alike, as high inflation erodes the value of savings and investments, reduces purchasing power, and can lead to economic instability. The Federal Reserve has been monitoring inflation closely and has signaled its intention to raise interest rates to combat inflationary pressures.
Overall, it will be important to keep an eye on inflation data and how policymakers respond to it in the coming months. While a slowdown in the rate of increase may be welcome news, sustained high inflation could have negative consequences for the economy and financial markets.
According to a report by Yahoo Finance, Disney, one of the world’s leading entertainment companies, is expected to release its second-quarter earnings report this week. The report will provide insight into the company’s financial performance, including its revenue and earnings, and may impact its stock price.
Analysts are expecting Disney to post quarterly earnings of $0.69 per share, which represents a year-over-year change of -34.9%. Additionally, revenues are expected to be $23.33 billion, representing a year-over-year change of -4.4%.
It is worth noting that Disney has been affected by the COVID-19 pandemic, which has impacted the entertainment industry as a whole. However, the company has made efforts to adapt to the changing landscape, including investing in its streaming platform, Disney+, which has seen significant growth in recent years.
Overall, it will be important to keep an eye on Disney’s earnings report and how the market reacts to it. The report may provide insight into the company’s future prospects and may impact its stock price in the short term.
The US government’s debt ceiling is an important topic to keep an eye on, as the current limit is set to expire in the coming months. The debt ceiling is the maximum amount of money that the US government can borrow to fund its operations. As of August 1st, 2021, the debt limit has been set at $28.4 trillion.
Lawmakers are currently working to raise or suspend the debt ceiling to avoid a potential government shutdown. Failure to raise or suspend the debt limit could lead to a situation where the government cannot borrow money to pay its bills, which could have significant economic consequences.
The issue of the debt ceiling has been a topic of political debate in the US, with some lawmakers arguing that the government should reduce its spending to address the issue of the national debt. However, others argue that failing to raise or suspend the debt ceiling would be a more significant risk to the economy, and that addressing the debt issue should be done through other means.
It is important to keep an eye on this issue in the coming weeks to see how lawmakers address the debt ceiling and to monitor any potential impact on the economy.