This week, several significant economic events are scheduled. On May 12, the U.S. Consumer Price Index (CPI) for April will be released at 7:30 am ET, with expectations of a 3.3% year-over-year increase, matching the previous month's rate.
Following this, on May 13, the U.S. Producer Price Index (PPI) for April is due, with the core PPI expected to align with the prior 3.8% year-over-year figure. Additionally, on May 14, the Senate Banking Committee will conduct a markup of the CLARITY Act. Finally, Jerome Powell's term as Federal Reserve Chair officially concludes on May 15.
Key Economic Events: U.S. CPI and PPI Data, CLARITY Act Markup, Powell's Term End
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