I hope everyone is enjoying the weekend. A quick housekeeping item: I will be in NYC and in meetings and unavailable most of Monday. I will still open a chat early in the morning and pop in periodically when I can. I will be online for CPI Tuesday.
We are now entering the beginning of the period where the consequences from trade wars manifest. First comes first is the CPI report, which will only be partially impacted this month.
In terms of the calendar, Tuesday comes with NFIB Small biz optimism, CPI and Redbook. Wednesday has MBS apps, Thursday has PPI and retail sales and industrial production as well as regional surveys. Friday has housing starts, building permits, import/export prices and UMICH.