AP

Consumer borrowing, Campbell Soup earns, consumer prices

Jun 5, 2022, 9:10 PM | Updated: 9:32 pm

A look at some of the key business events and economic indicators upcoming this week:

JUST CHARGE IT

The Federal Reserve issues its latest snapshot of U.S. consumer borrowing Tuesday.

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

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

Nov. 32.0

Dec. 23.0

Jan. 17.0

Feb. 37.7

March 52.4

April (est.) 28.0

Source: FactSet

Soup’s on

Wall Street expects an improved showing from Campbell Soup’s latest quarterly report card.

Analysts predict the company’s February-April earnings and revenue increased versus 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 improve. Campbell Soup serves up its fiscal third-quarter results Wednesday.

TRACKING INFLATION

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

Prices for U.S. consumers jumped 8.3% in April from a year earlier. March’s 8.5% surge was the highest since 1981. On a monthly basis, prices rose 0.3% from March to April, the smallest rise in eight months. Economists predict the consumer price index eased to 7.2% in the 12 months ended in May.

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

Dec. 7.0

Jan. 7.5

Feb. 7.9

March 8.5

April 8.3

May (est.) 7.2

Source: FactSet

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

American Airlines put an unspecified number of employees on leave for their involvement in an incid...

Associated Press

American Airlines CEO calls removal of Black passengers from Phoenix flight ‘unacceptable’

American Airlines put an unspecified number of employees on leave for their involvement in an incident in which several Black passengers were removed from a flight in Phoenix.

2 days ago

FILE - Crystal Baziel holds the Pan-African flag Monday, June 19, 2023, during Reedy Chapel A.M.E C...

Associated Press

The beginner’s guide to celebrating Juneteenth

For more than one-and-a-half centuries, the Juneteenth holiday has been sacred to many Black communities. It marks the day in 1865 enslaved people in Galveston, Texas found out they had been freed — after the end of the Civil War, and two years after President Abraham Lincoln’s Emancipation Proclamation. Since it was designated a federal […]

3 days ago

A Boeing 737 Max suffered damage to parts of the plane's structure after it went into a “Dutch ro...

Associated Press

Plane that did ‘Dutch roll’ on flight from Phoenix suffered structural damage, investigators say

A Boeing 737 Max suffered damage to parts of the plane's structure after it went into a “Dutch roll” during a flight from Phoenix last month.

8 days ago

This photo provided by Randy Shannon shows Mooney Falls on the Havasupai reservation outside the vi...

Associated Press

Dozens report illness after trips to waterfalls near Grand Canyon

Dozens of hikers say they fell ill during trips to a popular Arizona tourist destination that features towering blue-green waterfalls deep in a gorge neighboring Grand Canyon National Park.

9 days ago

Mugshot of Rudy Giuliani, who was processed Monday, June 10, 2024, in the Arizona fake electors cas...

Associated Press

Rudy Giuliani posts $10K cash bond after being processed in Arizona fake electors case

Rudy Giuliani, a former New York City mayor and Donald Trump attorney, was processed Monday in the Arizona fake electors case.

11 days ago

FILE - White House former chief of staff Mark Meadows speaks with reporters at the White House, Wed...

Associated Press

Former Trump chief of staff Mark Meadows pleads not guilty in Arizona fake elector case

Former Donald Trump presidential chief of staff Mark Meadows and Trump 2020 Election Day operations director Michael Roman pleaded not guilty Friday in Phoenix to nine felony charges for their roles in an effort to overturn Trump's Arizona election loss to Joe Biden.

15 days ago

Sponsored Articles

...

Condor Airlines

Condor Airlines can get you smoothly from Phoenix to Frankfurt on new A330-900neo airplane

Adventure Awaits! And there's no better way to experience the vacation of your dreams than traveling with Condor Airlines.

...

COLLINS COMFORT MASTERS

Here are 5 things Arizona residents need to know about their HVAC system

It's warming back up in the Valley, which means it's time to think about your air conditioning system's preparedness for summer.

...

Midwestern University

Midwestern University Clinics: transforming health care in the valley

Midwestern University, long a fixture of comprehensive health care education in the West Valley, is also a recognized leader in community health care.

Consumer borrowing, Campbell Soup earns, consumer prices