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.
CIBC to host a conference High Yield Conference is being held in Toronto on May 16.