US: Focus on consumer prices, housing starts, and industrial output - BBH

Research Team at BBH, suggests that the US reports April consumer prices, housing starts, and industrial output.

Key Quotes

“The data will impact expectations for the pace Q2 growth, but the broad direction seems clear. After the soft patch the economy hit in Q4 15-Q1 16, the economy appears to be rebounding. The Empire State survey yesterday was for May and the fall in orders was disappointing, but we need confirmation before investors should be concerned give the momentum of the other data.

Also during the North American session, the Fed’s Williams, Lockhart, and Kaplan will speak. Canada reports March manufacturing sales.”