This report previews the US economic calendar for May 11–17, focusing on upcoming CPI and retail sales data alongside a heavy schedule of Federal Reserve speakers. Goldman Sachs forecasts a 0.31% monthly core CPI increase and a 0.2% rise in headline retail sales.
Key Takeaways
- 1.Key economic data releases this week are the April CPI report (Tuesday) and Retail Sales (Thursday).
- 2.Goldman Sachs estimates April Core CPI at +0.31% month-over-month, which would bring the year-over-year rate to 2.67%.
- 3.Multiple Fed officials are scheduled to speak, with several recently expressing skepticism about immediate rate cuts and highlighting inflation persistence.
Table of Contents
- Monday, May 11
- Tuesday, May 12
- Wednesday, May 13
- Thursday, May 14
- Friday, May 15
- Latest GS Tracking Tools
- Disclosure Appendix
- Global product; distributing entities
- General disclosures
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Authors
Jan HatziusAlec PhillipsDavid Mericle
Themes
Inflation PersistenceMonetary Policy Forward Guidance
Regions
North AmericaUnited States