U.S. CPI Preview U.S. CPI Preview: April headline CPI is expected to show a 0.1% decline (median -0.1%), while the core index rises 0.2% (median 0.2%). The 0.2% March CPI headline drop undershot expectations due to a 2.6% energy price drop that captured a big chunk of the 3.4% decline in the March PPI report and a flat food price figure. Today's 0.7% PPI decline for April was led by another big energy price drop and a smaller food price decline.
Another heavy dose of Fedspeak on Thursday Another heavy dose of Fedspeak on Thursday will include dovish Boston Fed's Rosengren (voter), who speaks on "Recovery 2013 -- Strength or Stagnation?" from 7:45 ET. Dallas Fed hawk Fisher (non-voter) delivers "An Economic and Monetary Policy Outlook" for the NABE conference at 9 ET. Moderate Governor Bloom-Raskin explains the "Prospects for a Stronger Recovery" from 12:30 ET. SF Fed dove Williams (non-voter) addresses the economy and monetary policy from 15:05 ET. And Richmond Fed hawk Lacker (non-voter) explores the economic outlook from 19:15 ET. Speaking overnight, Philly Fed hawk Plosser repeated his call for starting the reduction in QE purchases at the June FOMC and said Europe was not out of its debt crisis.
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