Market Journal: The Week Ahead
Critical week with CPI on deck Wednesday and Waller speaking Thursday.
Discussion
Monday
Fed presidents Daly, Mester and Bostic speak at 11am, 11am, and 12pm
Wednesday
CPI at 8:30am
Consensus: CPI 3.1% YoY, Core CPI 5.0% YoY
Goldman: CPI 3.08% YoY, Core CPI 4.93% YoY
Discussion: Where the big market reaction likely emanates from is the fact Goldman has MoM Core CPI at 22 bps versus 30 bps consensus
Fed presidents Barkin, Kashkari, Bostic, and Mester speak at 8:30am, 9:45am, 1pm, and 4pm
Thursday
PPI and Claims at 8:30
FED Governor Waller speaks at 6:45pm
Waller is widely known to speak on behalf of Powell, so his commentary in the wake of CPI will be key in assessing the state of the “soft landing” attempt by the Fed as telegraphed via Timiraos yesterday (see Exhibits below)
Friday
University of Michigan 5-10 year inflation expectations
