Two different directions of late for prices paid (blue) and prices received (orange) components in Kansas City Fed Manufacturing Index … former has moved higher while latter has eased (and was flat in April) pic.twitter.com/kd4Kv0auAY

Key to watch is whether trend in personal spending (blue) softens this year and if core inflation (orange) stays sticky … might put Fed in a bind, but also have to factor in labor market trends pic.twitter.com/2GSXIfB0ct

From the Bloomberg article, “Fed Rate-Cut Debate Shifts From When Toward If on Inflation Data:” Fed Chair “Powell has kept the committee united in its rate path, with no dissents in nearly two years, but there are some signs of strains. Until recently, Powell had sounded dovish… pic.twitter.com/1wbDAzrrtx

An interesting week ahead for the global #economy and #markets, including (but not limited to)… The release of the US monthly #jobs report, Eurozone inflation and GDP, and China’s #PMI’s; and A 2-day policy meeting at the #FederalReserve. By the end of the week, we should…