Global finance chiefs, meeting in Washington less than a year after Russia's surprise invasion of Ukraine, are reaching sharply different conclusions about the biggest risks to the outlook, highlighting the growing role of geopolitical conflicts in the global economy.
As Japan prepares to host top diplomats from the Group of Seven nations amid heightened tensions with China, the US is emphasizing the importance of allies cooperating against economic coercion as well as military threats.
According to reports citing an interview with Atlanta Fed President Raphael Bostic, one more quarter-point hike can allow the Fed to end its tightening cycle with some confidence that inflation will gradually return to its target.
8:30 AM ET
US Retail Sales MoM for March - Median Forecast -0.4% | Prior -0.4% | Range 0.4%/-1.5%
9:15 AM ET
US Industrial Production MoM for March - Median Forecast 0.2% | Prior 0% | Range 0.8%/-0.4%
10:00 AM ET
University Michigan Consumer Sentiment Prelim for April
Sentiment - Median Forecast 62 | Prior 62 | Range 65/57
1-Year Inflation - Median Forecast 3.7% | Prior 3.6% | Range 3.8%/3.2%
5-Year Inflation - Median Forecast 2.9% | Prior 2.9% | Range 2.9%/2.9%
8:30 AM ET
Fed's Goolsbee is interviewed by CNBC
8:45 AM ET
Fed's Waller Speaks - Discussing the economic outlook (Text:Yes , Q&A: Yes, with the moderator)
11:30 PM ET
BoE's Tenreyro Speaks - Speaking as a panelist at the IMF Spring meeting.
2:15 PM ET
ECB's Nagel Speaks
Good Luck Today Traders!