Key Events This Busy Week: PCE, Employment Costs, Durables And Barrage Of Earnings Key Events This Busy Week: PCE, Employment Costs, Durables And Barrage Of Earnings It'' a busy week with over a hundred companies reporting, and a barrage of economic data on deck. According to DB''s Jim Reid, the week is also important for European inflation with German CPI on Thursday and the French and Italian equivalent (plus PPI) on Friday with the overall Euro CPI the same day. US (Thursday) and European Q1 GDP (Friday) will also be of interest. Unlike last week, when a relentless barrage of chattering central bank uberhawks sent stocks spiraling lower, we are now in the Fed blackout period ahead of the FOMC''s meeting in the first week of May, so they won''t add to the hawkishness for the 9.5 days before we get the FOMC decision. Note that the BoJ meet on Thursday although nothing suggests they are going to pivot and will remain the last hawkish shoe to drop. Back to the US where inflation-related data will be the closest watched with Friday''s ECI expected to be strong. This is one of the key indicators the Fed use for labor market strength.