Economy Week Ahead: Central Banks, GDP, Consumer Spending

Gross domestic product data from the U.S. and eurozone this week will show how sharply economic growth slowed in the third quarter. 


 
Powell Says Supply-Side Constraints Have Worsened, Creating More Inflation Risk

The Fed chairman indicated he is now somewhat more concerned about higher inflation and said that the central bank would watch carefully for signs that households and businesses were expecting sustained price pressures to continue. 


 
Dow Industrials Finish at Record High

U.S. stocks were mixed Friday as companies continued to report strong earnings. 


 
Tax on Billionaires' Unrealized Gains Will Likely Be in Budget Package, Democrats Say

The proposal, which would likely affect fewer than 1,000 of the wealthiest U.S. taxpayers, would help pay for President Biden's social policy and climate legislation. 


 
Energy-Stock Surge Leaves Climate-Focused Investors Behind

Gains in energy stocks are testing investors who long avoided shares of fossil-fuel producers but are now missing out on the year's top trade. 


 
Bitcoin ETF's Success Could Come at Fundholders' Expense

The first exchange-traded fund based on bitcoin futures is rolling up assets, but traders say the ProShares fund's structure makes it a sitting duck for "front-running." 


 
The U.K. Ditched Coal and Left Itself a New Set of Challenges

Britain went all in on renewables and natural gas, leaving it vulnerable when winds died down and global gas supply ran low. 


 
Shippers Find New Supply-Chain Hurdles at Alternate Ports

Shortages of trucking, rail and warehouse capacity at alternative gateways cause headaches for importers seeking to avoid the logjam at the Southern California ports. 


 
China Plans Property-Tax Trials as It Targets Speculation

Beijing says it will conduct five-year property-tax pilot program in some regions, looking for ways to rein in real-estate speculation and distribute wealth more evenly. 


 
Democrats Explore Tax on Billionaires to Help Fund $2 Trillion Package

President Biden met with top lawmakers including House Speaker Nancy Pelosi to try to work through the remaining disagreements.

(END) Dow Jones Newswires

10-24-21 2115ET