Highlights
On a busy day for economic indicators, the primary focus will be the personal income and spending report due at 8:30 am ET, which includes the personal consumption expenditures price index, a key inflation measure. The Econoday consensus forecast looks for PCE prices up 0.4 percent on the month and 4.1 percent on year. The core measure, which excludes food and energy prices, is seen up 0.3 percent and 3.4 percent. Given the Federal Reserve's evident intolerance for inflation, numbers like these will tend to confirm current expectations for multiple rate increases this year.
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.