Highlights
The next installment of the US inflation horror show is due at 8:30 am ET with the producer prices report. Expectations for PPI-FD call for gains of 0.5 percent on the month and 4.8 percent on year in April. Ex-food & energy, the consensus sees gains of 0.3 percent and 4.3 percent.
These are scary numbers, largely reflecting the energy price shock and rising prices for many commodities hit by supply disruptions. Among the questions: how long is the US-Iran conflict going to last? How much are rising prices for fuel and other commodities affecting prices for other items, and how long will that effect continue? When will central banks be obliged to raise interest rates to prevent an inflation spiral from occurring?
Definition
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.
Description
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.