A look at some of the key business events and economic indicators upcoming this week:
HOW CONFIDENT?
Confidence deteriorated in April for the third straight month as Americans fret about their short-term financial futures with prices and interest rates still elevated. The index measuring Americans’ short-term expectations for income, business and the job market tumbled to 66.4 from 74 last month. Analysts expect confidence dipped again this month.
Consumer confidence index, by month:
Dec.: 108.0
Jan.: 110.9
Feb.: 104.8
March: 103.1
April: 97.0
May (est.): 95.7
Source: FactSet
ON A ROLL
Analysts forecast
INFLATION UPDATE
The
Analyst forecast that year-over-year inflation held steady at 2.7% from March to April. The report is closely monitored by the
PCE Deflator, annual percent change, seasonally adjusted:
Nov.: 2.7
Dec.: 2.6
Jan.: 2.4
Feb.: 2.5
March: 2.7
April (est.): 2.7
Source: FactSet
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