China’s consumer price index climbed 0.3% year on year, more than the 0.2% rise estimated in a Reuters poll.
Watch 24/7 free news online with NBC 5 Chicago’s streamThe data highlight for the week will be Japan's first-quarter GDP, which is expected to have contracted an annualized 1.5%, according toIndia's inflation figures will also be out late Monday, with economists polled by Reuters expecting inflation in the world's fifth largest economy to slow slightly to 4.8% in April, down from March's 4.85%.
The preliminary May reading for the University of Michigan's consumer sentiment index came in at 67.4, far below a Dow Jones estimate of 76 and marking its lowest reading in about six months.China reportedly moves ahead with plans to sell long-term bonds worth $138 billion "We're making progress in the fight against inflation, but it's not mission accomplished because people are still under the pump and that's why inflation's a big focus of the Budget,"consumer price index
The company's business model assumes buses, industrial trucks, and trains will likely use hydrogen in the future, rather than mass-market cars, which are now primarily transitioning towards electric power. Looked at another way, Goldman Sachs has accounted for some 31% of the entire 1,405-point gain in the Dow Industrials over the past four weeks.Federal Reserve regional presidents Neel Kashkari of Minneapolis and Austan Goolsbee of Chicago said they are taking a patient approach to monetary policy as they weigh surprisingly strong inflation data this year.
"I don't like tying our hands even partially when we're going to get a lot of data and important information before the next meeting much less for the rest of the year," he said.
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