May 30 - The latest inflation figures on Friday should confirm the Fed is sticking to its $85B worth a month of bond buying for now.
It's Friday it's all about Fed Chairman Ben Bernanke and his favorite economic indicator yup investors get to dissect the latest inflation number is with personal consumption expenditure. According to economists polled -- greater PGE is expected to come in and -- pretty -- one point 1% well below that 2% target. He's got that confirmed to defend -- still a lot of slack in the economy pushing down prices precious that's not a healthy sign it could. Strengthen the argument keep buying -- at 85 billion dollars a month. The next important -- put it will be next Friday with the children. And we may get reaction from the back to the recent string of weak data when Cleveland being president standard and -- speaks. She recently said bond buying could be reduced if the labor market improved quote. Efficiently she added the Fed's balance she could swell to -- trillion dollars by the end of the year. Don't miss our interview with top investor Chris Whelan on the investors also get the most important reading on manufacturing this week with the Chicago purchasing managers and -- Our experts I have -- they have industry in the midwest should swing back into growth Whitney index rebounding to fifty point I. Still the overall picture it's pretty -- it -- here is slashing economic growth by one point 5% according to the CEO. Don't expect manufacturing to get back on its feet until the fourth quarter. And keep an eye on treaty in Japan the volatile McCain could get a boost after US stocks rebounded. Nikkei futures and big Japanese eighty yards against -- and we ended up at the close. Earlier writers -- an exclusive about how Japan's one trillion dollar public pension fund with considering shift into equities. Follow us on Twitter Reuters Insider and get more of our videos and Reuters dot com -- TV I'm getting this three years.