Just two trading days ahead of the highly anticipated FOMC meeting, investors are busy trying to predict the Fed's monetary position. Therefore, on an otherwise quiet day, they'll pay close attention to economic data, specifically the Producer Price Index.

Economic Data

(

Forecasts are from

Reuters

. Times are Eastern. For a longer-term economic calendar and more, see

TSC's

Economic Databank.

)

  • 8:30 a.m.:Producer Price Index for April. Source: Labor Department. Forecast: -0.2%. Previous: +1.0%. Ex-food and energy: Forecast: +0.1%. Previous: +0.1%.
  • 8:30 a.m.:Business inventories for March. Source: Census Bureau. Forecast: +0.4%. Previous: +0.5%.
  • 10 a.m.:Consumer Sentiment Index for May. Source: University of Michigan. Forecast: N/A. Previous: 109.2.