Consumer loan, Campbell Soup wins, consumer price

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A look at some of the major trade events and economic indicators to come this week:

The Federal Reserve releases its latest overview of U.S. consumer borrowing on Tuesday.

The tally, which excludes mortgages and other loans secured by real estate, is expected to show consumer borrowing rose $28 billion in April. That would be a sharp drop from March’s $52.4 billion, the biggest monthly increase since December 2010. March’s gain took total consumer credit to about $4.54 trillion.

Consumer credit, monthly change, seasonally adjusted, billions of dollars:


32.0 Nov.

December 23

January 17

February 37.7

March 52.4

April (est.) 28.0

Source: FactSet

The soup is on

Wall Street expects improved results from Campbell Soup’s latest quarterly report.

Analysts predict the company’s February-April earnings and revenue rose from the same quarter last year. Campbell’s earnings and revenue had fallen in the previous two quarters. The maker of canned soup, Pepperidge Farm cookies and V8 juice said in March it expected to do better in the second half of its current fiscal year as supply and labor constraints ease. of work would improve. Campbell Soup reports its fiscal third quarter results on Wednesday.

INFLATION TRACKING

The Labor Department delivers its latest monthly reading of consumer inflation on Friday.

Prices for US consumers jumped 8.3% in April from a year earlier. The 8.5% increase in March was the largest since 1981. On a monthly basis, prices rose 0.3% from March to April, the smallest increase in eight months. Economists predict the consumer price index fell 7.2% in the 12 months to May.

Consumer price index, annual percentage change, not seasonally adjusted:

December 7

7.5 January

February 7.9

March 8.5

8.3 April

May (est.) 7.2

Source: FactSet

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