2018 Economic Calendar
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Market Reflections  

May 11, 2018
Import prices are mostly subdued though tariff-related increases for metals are evident. Consumer sentiment is steady and solid but inflation expectations are ticking higher. Still, the week's run of inflation data beginning with producer prices and including consumer prices did nothing to raise worries that inflation is beginning to run too hot.

Lack of inflation gave the stock market move to run with the Dow, at 24,831, up 2.3 percent on the week and in the plus column for the year at 0.5 percent. Oil moved over $70 to end near $70.50 following a week of tension in the Middle East including U.S. sanctions against Iran. Rates were mostly steady though the 2-year Treasury yield did rise 4 basis points to 2.55 percent.

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