In macro news Friday, the focus will be on whatever President Trump has to say about import tariffs. Investors will watch in particular any hints that emerge about the expected unveiling on April 2 of reciprocal tariffs on many countries, on top of the shifting array of tariffs and threatened tariffs already announced.

In more conventional news, the focus will be on the monthly US personal income and spending report, which features the PCE price indexes, the Federal Reserve's favored inflation measure. The report, due at 8:30 am ET Friday, is expected to show PCE prices rose 0.3 percent on the month in February for both the total and core price index. PCE is seen up 2.5 percent on year with the core up 2.7 percent versus 2.5 percent and 2.6 percent in January, stubbornly above the Fed's 2.0 percent target.

Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.

Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.