Philadelphia Fed Survey General Business Conditions Index to be reported at 10:00 May Philadelphia Fed Survey General Business Conditions Index will be reported at 10:00 . Current consensus is 2.2
Empire State Mfg Survey General Business Conditions Index to be reported at 08:30 May Empire State Mfg Survey General Business Conditions Index will be reported at 08:30 . Current consensus is 3.75
More from George: More from George: in Q&A the Fed hawk said the FOMC is focused especially on "being transparent." The Fed will need to exit stimulus without sudden rate increases. Analysts don't think sudden or large rate increases will be an issue for the markets for quite some time given the criteria for rate hikes and the Fed's openness. As Chairman Bernanke and others on the Fed have indicated, she does believe the U.S. needs to address the "too big to fail" issue, but Dodd-Frank legislation really hasn't done the trick.