Highlights
The New York Fed's May survey of consumer inflation expectations is the sole macroeconomic report on the calendar Monday, due at 11 am ET. The April result showed 1-year inflation expectations ticked up 0.2 percentage point to 3.6 percent from March while 3-year expectations were steady at 3.1 percent and 5-year expectations at 3.0 percent. These figures are a lot more benign than the University of Michigan survey for May that showed 1-year inflation expectations up to a scary 4.8 percent from 4.7 percent in April, and 5-year expectations at 3.9 percent versus 3.5 percent in April.
A big move up in the NY Fed's inflation expectations measure would bolster the view that the Fed needs to get on with rate increases before these expectations really get out of hand.
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.