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What to Watch: UofM Inflation Exp, Fed Speak, Middle East Conflict

US TSYS
  • Aside from Import/Export price index data at 0830ET, market focus is on University of Michigan inflation expectation data at 1000ET
  • Philly Fed President Harker will speak about his economic outlook at a virtual event with the Delaware State Chamber of Commerce (text, Q&A) at 0900ET, LINK
  • Q4 Equity earnings cycle underway with JP Morgan, PNC Financial, Blackrock, Wells Fargo and Citigroup all announcing/beating expectations this morning. Next Monday: Charles Schwab; Tuesday: Bank of NY Mellon, Bank of America, Goldman Sachs.
  • Geopol headline watching: Middle East conflict lending to this morning's risk-off/safe haven bid in US rates. Meanwhile, Russia war with Ukraine enters day 597.
  • Closer to home: House Majority Leader Steve Scalise (R-LA) yesterday withdrew his candidacy for House speaker. On base: Jim Jordan will attempt to win a majority vote.

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