Earnings season kicks off today with the start of the release of earnings reports from the major banks. These reports will be pored over by analysts looking for insights into any impact from the recent volatility across the banking sector, including the slow walk of deposits to money market funds. More broadly, as the rest of the corporate earnings filter through, they will be viewed as a key variable for economic growth, employment, and inflation. In this Economics Weekly, we look at corporate profitability through this prism.
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Richard de Chazal, CFA, is a London-based macroeconomist covering the U.S. economy and financial markets.