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