Gary Siegel

The Federal Open Market Committee can begin normalization of monetary policy at any meeting, but it will depend on economic data, Federal Reserve Bank of San Francisco President and CEO John C. Williams repeated Tuesday.

The Conference Board's Employment Trends Index climbed to 128.22 in April from a downwardly revised 127.15 in March, and is up 5.8% from a year ago, the group announced Monday.

Wholesale inventories increased 0.1% in March, the Commerce Department reported Thursday. Wholesale sales dropped 0.2%.

U.S. inflationary pressures were up slightly in April, as the U.S. future inflation gauge grew to 101.1 from a revised March 100.2 reading, first reported as 100.5, according to data released Friday morning by the Economic Cycle Research Institute.

Consumer credit increased by $20.5 billion in March to $3.363 trillion, the Federal Reserve reported Tuesday.

Liftoff could begin at any policy meeting, including June, Federal Reserve Bank of Chicago President Charles Evans said in a televised interview Thursday, although he repeated his preference that normalization of rates should begin next year.

Non-farm productivity fell 1.9% in the first quarter, according to the preliminary data released by the Bureau of Labor Statistics Wednesday.

The Treasury Department announced details of its quarterly refunding, with plans to sell $16 billion 30-year bonds on May 14, $24 billion 10-year notes on May 13, and $24 billion 3-year notes on May 12.

Private-sector employment increased by 169,000 in April, on a seasonally adjusted basis, ADP reported Wednesday.

The U.S. services sector expanded at a faster pace in April as the non-manufacturing business activity composite index was 57.8 in the month, compared to 56.5 in March, on a seasonally adjusted basis, the Institute for Supply Management reported Tuesday.

Liftoff should be held until early 2016, Federal Reserve Bank of Chicago President Charles Evans said Monday.

New orders for manufactured goods increased 2.1% in March, after dipping a revised 0.1% in February, first reported as a 0.2% increase, the Commerce Department reported Monday.

New York City business activity "accelerated" in April, as the current business conditions index increased to 58.1, from 50.0 in March, the Institute for Supply Management-New York's Report on Business index, released Monday, indicated.

Forcing the Federal Reserve to follow operational mandates would inhibit its freedom to go out of the box during crises, according to Federal Reserve Bank of San Francisco President and CEO John C. Williams.

The University of Michigan's final April consumer sentiment index reading was 95.9, compared to the preliminary April 95.9, the final March 93.0, and the preliminary March 91.2, according to market sources.

The overall economy grew for the seventy-first straight time, while the manufacturing sector expanded for the twenty-eighth consecutive month, the Institute for Supply Management reported Friday.

Construction spending decreased 0.6% in March, the Commerce Department said Friday, and is 2.0% above the March 2014 level.

The Chicago Purchasing Managers' Business Barometer climbed to 52.3 in April from 46.3 in March, the National Association of Purchasing Management-Chicago said Thursday.

The seasonally adjusted Milwaukee Report on Business decreased to 48.1 in April from 53.3 in March, the Institute for Supply Management-Milwaukee reported Tuesday.

The Midwest Economy Index slipped to 0.39 in March from a downwardly revised 0.44 in February, first reported as 0.49, the Federal Reserve Bank of Chicago said Thursday.