Markets are expected to be quiet Friday, with just consumer sentiment and another look at first-quarter GDP of USA. Economists expect first-quarter GDP to remain under 1 percent, at 0.9 percent.
Traders have also been hanging on the idea that Fed Chair Janet Yellenwill discuss policy when she is at Harvard University on Friday afternoon to receive the Radcliffe Award, but Fed watchers doubt she will. Yellen will also be questioned by Harvard professor and economist Gregory Mankiw.
Yellen is slated to speak on the economy on June 6, and economists expect her to use that speech to send a message on policy instead.
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