GDPNow<\/a> model already has Q2 tracking 4.3%, led by a surge in business equipment spending (chart).<\/p>\n![\"\"](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/05\/image-145.png\")
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(2) Core PCED. April’s core PCED, the Fed’s preferred inflation gauge, arrives Thursday. It ran at 3.2% y\/y in March, up from 3.0% in February, with headline inflation at 3.5% (chart). Given that the latest CPI and PPI both ran hot, the risk is another upside surprise that further strengthens the case for a Fed rate hike.<\/p>\n
![\"\"](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/05\/image-163.png\")
<\/p>\n
(3) Consumer confidence. May’s Consumer Confidence Index survey (Tue) should tick higher from April’s 92.8 (chart). We will focus on the labor market indicators, which are likely to show some improvement.<\/p>\n
![\"\"](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/05\/image-149.png\")
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(4) Unemployment. Initial jobless claims (Thu) came in at 209,000, with the four-week moving average at 202,500 (chart). Continuing claims were 1,782,000, with the four-week moving average at 1,778,000. The labor market continues to improve.<\/p>\n
![\"\"](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/05\/image-150.png\")
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(5) Regional business surveys. The week’s regional Fed business surveys include Dallas (Tue) and Richmond (Wed). Both the ISM national M-PMI and the regional average of the five Fed surveys have turned higher in recent months (chart). The recovery in manufacturing is broadening.<\/p>\n
![\"\"](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/05\/image-151.png\")
<\/p>\n
The regional prices-paid average has climbed back to 54.9, and PPI final demand is already running at 6.0% y\/y (chart).<\/p>\n
![\"\"](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/05\/image-159.png\")
<\/p>\n
\ud83d\udca1<\/p>\n
Join the discussion with Ed below! To leave comments or questions, log in to the Yardeni QuickTakes website and post them at the end of the QuickTakes article. Paid members’ contributions may be featured in our segment, “Ed Answers Your Questions”.<\/p>\n","protected":false},"excerpt":{"rendered":"The US financial markets are closed on Monday for Memorial Day, and the holiday-shortened week is light on…\n","protected":false},"author":2,"featured_media":589500,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,1294,56,54,55],"class_list":["post-602301","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/602301","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=602301"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/602301\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/589500"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=602301"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=602301"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=602301"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"\"](\"https:\/\/www.newsbeep.com\/uk\/wp-content\/uploads\/2026\/05\/Screenshot-2026-05-22-at-8.12.40---PM.png\")
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