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The ISM's manufacturing gauge has signaled expansion for five straight months, pointing to vigor in the manufacturing sector amid a surge in AI investment, favorable tax provisions, and diminished trade policy uncertainty.

A string of Fed officials have warned in recent weeks that the central bank can no longer signal that rate cuts are still likely to be their next policy move.

The inflation figures will likely reinforce warnings that the Federal Reserve needs to consider raising interest rates if price pressures do not ebb.

Revised expectations push the next Fed interest rate cut out farther.

"You have the government balance sheet that's deteriorated over time, and you have corporate balance sheets that, in a lot of cases, remain strong and stable."

The roughly $50 billion in financing, which will also include around $12 billion in junk bonds and $7.5 billion in loans, may start as soon as the next couple of weeks.