- The producer price index, which measures price changes for producers of goods and services, missed expectations and fell 0.1% in March.
- The consumer price index, which measures price changes in a group of goods and services consumers purchase, fell 0.3% – much more than predicted.
- Retail sales declined 0.2% in March, the second monthly drop in a row.
- The April Consumer Sentiment Index readings beat expectations, revealing people’s assessment of current economic conditions being at the highest point since 2000.
- Jobless claims came in well below expectations to show fewer people filing first-time unemployment claims – indicating a strong labor market.
ECONOMIC CALENDARMonday: Housing Market Index Tuesday: Housing Starts, Industrial Production Wednesday: Beige Book Friday: Existing Home Sales
Quote Of The Week
“Aim at the sun, and you may not reach it; but your arrow will fly far higher than if aimed at an object on a level with yourself.” – Joel Hawes