- The economic calendar is light this week, but investors will be closely watching the Producer Price Index on Thursday and the Consumer Price Index on Friday. Higher oil prices have fanned the flames for higher inflation in the short term says Fed Chairman Ben Bernanke…but in the longer term, it remains subdued.
- Initial Weekly Jobless Claims will be released on Thursday. Jobless claims fell to their lowest level in four years last week to 357,000.
- On Friday the first reading of April Consumer Sentiment will be released.
By Cameron Huddleston, Kiplinger.com