Economic Calendar 10Jun24 - CPI, PPI & FOMC interest rate
Public Holidays
China and Hong Kong are closed on 10 June 2024 as they celebrate the Dragon Boat Festival.
There are no public holidays in the USA and Singapore in the coming week.
Economic Calendar (10Jun24)
Notable Highlights
In the coming week, we will receive news about the 10-year note option and the 30-year bond option. When the bond is more attractive, we can expect more funds to flow into these assets.
The most important macro data for the coming week would be that for the consumer price index (CPI). This is one of the key references to tracking inflation in the country. Sticky or stubborn inflation will further push back the Federal Reserve’s plan of cutting the interest rate.
The FOMC will be making their economic projections in the coming week. They will also be announcing the Fed interest rate decision. The forecast for this stands at 5.50%. If the tone of the Fed remains optimistic, this should bring less negativity to the market. In the coming week, the Fed monetary policy report will also be released. Would we see more quantitative tightening or easing?
PPI will also be released during the week. This represents the inflation hitting the producers, which would be transferred to the consumers in the coming weeks.
Initial jobless claims will also be key macro data that the Federal Reserve will look into as they ponder the next interest rate decision.
Crude Oil Inventories can be seen as forward indicators of market demand and consumption. If the trend of excess inventories continues, demand erosion can lead to reduced production & weakening consumer spending.
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