What to Watch in the Day Ahead - Wednesday, October 14

By Reuters News

On the US economic front, the Labor Department's Bureau of Labor Statistics (BLS) is scheduled to release the Consumer Price Index (CPI) report for September. CPI is expected to have risen 0.6% month-on-month after increasing 0.4% in August, while annual inflation is seen accelerating to 3.6% from 3.4%. Excluding food and energy, the CPI is forecast to have increased 0.2% on the month, with the annual core CPI rate expected at 2.5%. Additionally, the Federal Reserve is also scheduled due to publish its Beige Book.

On the earnings front, Bank of America is likely to report higher third-quarter profit, with income from customer interest payments anticipated to jump. Wall Street will closely watch out for management commentary on the capital markets business after CEO Moynihan's weak forecast last month sparked a selloff in US big bank stocks.

Morgan Stanley is expected to report a rise in third-quarter profit, as a rebound in mergers and acquisitions and volatility in the markets likely helped boost fee and trading income.

BlackRock is expected to report a jump in third-quarter profit and revenue on strong performance across most divisions. Investors will watch for comments around surging bond yields and higher interest rates, and their impact on risk appetite in the investing world.

Richmond Fed President Thomas Barkin is scheduled to participate in a fireside chat at the Chamber RVA Regional Action Summit 2026 (1330/1730). Meanwhile, Federal Reserve Vice Chair for Supervision Michelle Bowman is set to take part in a discussion on "Supervision and Regulation" at the 2026 IIF Annual Membership Summit in Bangkok (0540/0940), and speak at the virtual Bangkok Economic Festival 2026 (2255/0255) later in the day.

Statistics Canada is due to release Canada's building permits data for August, after a 17.3% decline in the previous month.

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