It's a big week for major events on the eco calendar. Kicking oof today in the US with ...
The Federal Reserve's preferred inflation is the personal consumption expenditures price index (1230GMT)
- Issued by the US Commerce Department
- The March figures coming up on Monday
- The Bloomberg survey has expected at -0.1% m/m (that's for core PCE prices m/m)
- (while the WSJ survey of analysts has the expected at report flat)
- Prior was +0.2% in February (the overall PCE index in February was up 2.1% y/y)
Also due from the US today, Personal Income and Spending for March (1230GMT)
- expected 0.3% and 0.2% respectively
- prior 0.4% and 0.1% respectively
And:
1400GMT - ISM Manufacturing Index for April
- expected 56.5, prior 57.2
Also 1400GMT Construction Spending for March
- expected 0.5%, prior 0.8%
