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Wall Street Banks Brace for Profit Surge as Shutdown Stalls Data
14 Oct
Summary
- Earnings season begins with major banks reporting results
- Economic data delayed due to government shutdown
- Investors await Fed Chair's speech for economic outlook
On October 14, 2025, as earnings season kicks off, investors are closely watching the performance of major Wall Street banks. Leading financial institutions like JPMorgan Chase, Citigroup, Goldman Sachs, and Wells Fargo are set to report their latest quarterly results, and analysts expect to see rising profits from the group.
The stock market has been on a rollercoaster ride in recent weeks, with a strong rebound session on Monday helping the major averages recover from a tariff-driven drop on the previous Friday. However, the ongoing government shutdown has stalled the publication of key economic reports, leaving investors and the Federal Reserve without a clear view of the economy's direction.
The consumer inflation report, originally scheduled for release on October 16, has now been pushed back to October 24. Data on retail sales and producer prices are also expected to be delayed. This lack of economic data puts added weight on Fed Chair Jerome Powell's upcoming speech on October 15, where he is set to address the National Association for Business Economics (NABE) annual meeting.
Investors are eager to hear Powell's assessment of the economic landscape and any insights he can provide on the central bank's monetary policy plans. With the tariff situation and the government shutdown creating uncertainty, the Fed's next moves will be closely watched by the markets.
