Plenty to look out for, including Powell
The economic calendar starts out with some Canadian news then takes a decidedly US-centric turn.
Canadian wholesale sales are out at the bottom of the hour and expected to rise 0.2% after a strong 1.4% rise in March. The report is unlikely to be a market mover.
From there we hear from the Fed's Williams at 1245 GMT. Look out for a less-dovish turn as he comments at the Finance Forum.
The data hits at 1300 GMT (9 am ET) with two releases at once:
- FHFA house prices
- Case-Shiller house price index
The at 1400 GMT, it's:
- Conference Board consumer confidence
- Richmond Fed
- New home sales
Revisions to retail sales are also due at the same time in what's sure to be a crazy few minutes.
At 1600 GMT, the Fed's Bostic speaks. He's generally an open book so look for some insight on monetary policy.
Then at 1700 GMT it's a two year auction and the main event of the day with Powell speaking on the outlook and monetary policy.
It's not over there with Barkin to speak at 1930 GMT and Bullard at 2230 GMT.
