I don't see anything that regional Fed presidents can say right now to right the ship but they will certainly have that chance tomorrow.
The calendar features (all times ET):
- Williams 7:40 am
- Bostic 8:30 am
- Barkin 9:15 am
- Kashkari 1 pm
- Mester 3 pm
In terms of data, it's a blank slate for anything meaningful. We get NFIB busienss confidence, a three-year auction and API oil inventories. The big one this week comes on Wednesday with CPI and the bulls will be praying for below-consensus m/m numbers on the headline and core.
See the economic calendar.
