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Nobel in Economics to Be Awarded, and Big Banks Begin Reporting Earnings


Here’s what to expect in the week ahead:

ECONOMY

At least one prominent economist will enter the pantheon of Nobel laureates on Monday, when the Royal Swedish Academy of Sciences announces the winner of the 2018 Nobel Memorial Prize in Economic Science. In recent years, the Nobel committee has tended to honor economists who focus on the mechanics of individual behavior, rather than the authors of grand macroeconomic theories. Last year’s winner was the behavioral economist Richard Thaler, who was recognized for his work demonstrating that people are predictably irrational — that human behavior defies economic theory in ways that are both consistent and foreseeable.

— Binyamin Appelbaum


TECHNOLOGY

Google continues its uphill battle in the consumer hardware business. The company on Tuesday is expected to unveil an array of products, including its third-generation Pixel smartphones, at an event in New York. Though the Pixel phones have received glowing reviews, they are still small sellers compared with Apple iPhones and Samsung devices.

— Brian X. Chen


ECONOMY

On Thursday, at 8:30 a.m., the Labor Department will announce its reading of the Consumer Price Index for September. Inflation has been tame lately, despite a strong economy, and the C.P.I. is expected to reflect that. The overall index and the core components are both expected to rise 0.2 percent. On the other hand, a stronger-than-expected figure could unnerve investors already concerned about rising interest rates.

— Nelson D. Schwartz


ECONOMY

The World Bank and the International Monetary Fund gather for their annual meetings this week on the Indonesian island of Bali. The gatherings come as politicians in countries like the United States have rebuked multilateralism and openly questioned the value of international institutions like the World Bank and I.M.F. Officials gathered in Bali will probably address the rising tensions between the United States and China. Christine Lagarde, the head of the I.M.F., is expected to address how trade can be an engine of growth for all nations. Also on the agenda: how the global economy is at risk of another economic crisis, something that the I.M.F. warned about in its recent Global Financial Stability Report.

— Alexandra Stevenson


BANKING

Bank earnings season begins this week with the first three megabanks revealing their third-quarter results on Friday. Reports are due from JPMorgan Chase, Wells Fargo and Citigroup before the stock market opens. Investors will be looking at their loan growth, which could be stronger than it was in last year’s third quarter thanks to a better overall economy. Their trading businesses may have suffered again.

— Emily Flitter



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