5 things to know before the stock market opens Thursday, October 13

Here are the most important news that investors need to start their trading day:

Investors will have plenty of numbers to chew on this morning. The government is due to publish the consumer price index, the inflation gauge, as well as weekly jobless claims data. These reports come after a higher-than-expected PPI reading on Wednesday. Profits are also rising. Delta Airlines reported Thursday morning, As did Walgreens. (See more about Delta below.) Markets are exiting a quiet day of trading, as all three major US indexes fell slightly on Wednesday. Read live market updates over here.

The minutes of the Federal Reserve’s September meeting show that Policy makers were surprised By constantly rising prices, even as prices increase aggressively to calm the economy. “Participants commented that recent inflation data has generally come in higher than expectations and that, in turn, inflation is declining more slowly than they had previously expected,” the minutes read. However, the big takeaway was: Interest rates will continue to be raised until inflation improves. However, according to CNBC’s Jeff Cox, some Wall Street traders saw one crack in the Fed’s facade in this line of the minutes: “Many participants noted that, particularly in the current highly uncertain global economic and financial environment, it will be It is important to calibrate the pace of further policy tightening with a view to mitigating the risks of significant negative effects on the economic outlook.”

Read more: Mark Zandi of Moody’s Analytics expects inflation to ease dramatically within six months

Delta Airlines Thursday said he expects after another win In the last quarter of the year, as people are expected to soar into the skies for the holidays after more than two years of Covid restrictions and caution. “Travel recovery continues as consumer spending shifts to experiences and demand improves in businesses and internationals,” CEO Ed Bastian said in an earnings statement. The company noted that its capacity is also improving — saying it will return up to 92% to pre-pandemic levels during the fourth quarter. It also aims to make a full recovery by next summer.

With Russian missiles and drones continuing to strike many Ukrainian cities, killing civilians and power outages, President Volodymyr Zelensky has demanded more international assistance in the field of air defense. He said Ukraine has only 10% of the air defense capacity it needs, according to Reuters. Elsewhere, Russian President Vladimir Putin is scheduled to meet Turkish President Recep Tayyip Erdogan. The Turkish leader is expected to formally offer to host peace talks between Russia and Western countries to end the Ukraine war. However, Zelensky said he will not negotiate with Putin and will only speak when Russian forces leave his country. Read live war updates over here.

The British economy is in disarray. Inflation is on the rise, families face rising energy costs and the prospect of blackouts during the winter, and the government’s economic plans have triggered a bloodbath in the bond market that puts its currency at risk. The economy also contracted 0.3% in August. Analysts see this as the beginning of a recession that may last for a while. “We now believe the recession in the UK started in the third quarter of 2022 and is likely to last for three quarters. Our near-term GDP forecast anticipates a recession extending into 2023 as severe and prolonged pressures on the household budget feed the consumer,” he said. Raj Badiani from S&P Global Market Intelligence: Read more By Elliot Smith on CNBC.

CNBC’s Alex Harring, Jeff Cox, Leslie Josephs, Holly Ellyatt and Elliot Smith contributed to this report.

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