Core Retail Sales (excluding automobiles) and Retail Sales both feel .4% today. Retail sales fell in March the most they have in nine months. One factor in these figures could be the recent employment slow down in the U.S.
Another disappointing figure today is the U.S. Producer Price Index (PPI) falling .6%. It is worth noting that the core PPI (excluding food and energy prices, did rise .2% in March and is up 1.7% in the past year.
The PreLIM UoM Consumer Sentiment figures are to be released at 9:55am EST (New York Time). Projections expect a rise by .5 points. The University of Michigan will be releasing this report and many traders will be attentive.
Fed Chairman Ben Bernanke Speaks
Mr. Bernanke is due to speak before the “Resilience and Rebuilding for Low-Income Communities” Conference sponsored by the Federal Reserve System Community Affairs Officers, in Washington DC according to Forexfactory.
Any time that Bernanke speaks, he brings market moving potential. If there is a Q & A session, we could expect some quotes and market reaction. The speech is scheduled for 12:30pm EST (New York Time).
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