📅 Key events of the upcoming week!
We have a shortened but all the more interesting week ahead of us, which may significantly influence market expectations for the future course of interest rates and the health of the US economy. Here is a round-up of the most important events that should not be missed.
🧭 Monday
NY Fed Manufacturing Activity Survey - An indicator that will indicate whether industrial activity in a given area is getting back to normal or whether pressure on firms persists due to high costs and uncertainty.
🛍️ Tuesday
US Retail Sales - We track consumer spending, which accounts for over two-thirds of US GDP. If the consumer is spending, the economy is alive.
📉 Wednesday
Initial Jobless Claims - Weekly indicator of tightness in the labor market.
Fed policy decision - Key event of the week. The Fed will release its view on interest rates and the current state of the economy.
FOMC Dot-Plot - An overview of Fed members' expectations for future rate developments. Markets will be watching for signals on how many rate cuts are in store this year.
Powell's press conference
Thursday.
Juneteenth Day (markets are closed) - U.S. equity markets remain closed for the federal holiday.
📊 Friday
Philly Fed Manufacturing Activity Survey - Filling in data from New York.
Results before the markets open:
Kroger $KR - What is the health of the retail sector and changes in consumer buying behavior?
Accenture $ACN - Major player in IT consulting.
What events will you be watching this week?
From what I've read, those rates shouldn't change.
There's a lot of macro data out there, and we'll probably be watching the situation between Israel and Iran a lot.
In the end, I don't think it's that interesting because the Fed won't change its decision and interest rates will stay the same.