Friday starts off with a rush of big bank earnings, an important retail sales report and comments from the now more hawkish president of the Boston Fed, one of three dissenters at the last FOMC meeting.
In the afternoon, markets will also hear from Fed Chair Janet Yellen, who speaks at a Boston Fed conference at 1:30 p.m. EDT. Boston Fed President Eric Rosengren appears on CNBC at 7:30 a.m. EDT and then makes opening remarks at the Boston Fed’s 60th annual economic conference.
Fed watchers expect Rosengren’s comments to be the potentially more interesting of the two. Rosengren has gone from being viewed as one of the dovish members of the Fed to a more hawkish one.