Today’s decline in the WEI for the week of May 2 is driven by decreases in steel production and retail sales, as well as a small drop in consumer confidence. The upward revision of the WEI for the week of April 25 is a result of the decline in this morning’s staffing index release being less negative than previously available data.
🔴Daily summary: Wall Street ignores hawkish inflation, oil falls sharply despite geopolitical tensions
⚠️Three Markets to Watch Next Week (11.09.2026)
US OPEN: Rebound on Wall Street despite higher Supercore inflation and a jump in yields
Breaking: Time for a tough call for Fed as monthly hotter Core CPI tests market expectations