What's coming up next week
It's been years since the PPI report mattered for markets but it did today. The 4.2% y/y reading briefly rattled the market today, leading to a selloff in bonds.
That's a sign that inflation is going to be front-page news for the remainder of the year. We will get a big test on Tuesday with the March CPI report. Here's what else is coming up on the calendar.
Monday:
- US monthly budget statement
Tuesday:
- CPI
Wednesday:
- Import/export prices
- Fed's Beige Book
Thursday:
- Initial jobless claims
- Retail sales
- Philly Fed
- Industrial production
- Business inventories
Friday:
- Housing starts/building permits
- U Mich prelim consumer sentiment
