On a quiet day for scheduled news events, keep an eye on a pair of appearances by Federal Reserve officials. The first is Fed Governor Philip Jefferson speaking on the economic outlook at 9:10 am ET before the Annual Conference of Second District Directors and Advisors. The second is San Francisco Fed President Mary Daly in a fireside chat at 5:40 pm ET with the California Bankers Association. The latter may be after hours but the unscripted aspect and Daly's tendency to speak frankly make this one more likely to produce news.

Markets are watching the long end of the US Treasuries market where yields made an abrupt spike higher Tuesday with the 10-year touching 4.50 percent before receding. The dollar made an odd move lower at the same time. The ongoing concern is that overseas investors may be moving out of US debt, and out of the dollar. Or Tuesday's move suggested the market was less impressed with the soft CPI figures after a closer look. Or some other odd incident occurred. Yields moving up again Wednesday morning and all eyes on 4.50 percent level on 10-years and 5.00 percent on long bonds, with the latter considered an unpleasant tipping point.

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.