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NOTABLE ECONOMIC EVENTS THIS WEEK
This week, the market is closely monitoring three important factors:
1. Developments in the situation between the US - Israel - Iran
2. The time when the U.S. House of Representatives votes on the GENIOUS ( bill regulating stablecoins )
3. PCE inflation data release – the Fed's preferred inflation index
🗓️ TUESDAY, 24/6
- Fed Chairman Jerome Powell testified before the House Financial Services Committee.
- President of the Cleveland Fed, Beth Hammack, stated
🗓️ THURSDAY, 26/6
- First-time unemployment benefit application
Estimated: 248,000
Last time: 245,000
- Q1 GDP ( adjusted data for 2)
- President of the Cleveland Fed, Beth Hammack, spoke
🗓️ FRIDAY, 27/6
- PCE inflation ( compared to the same period last year )
Expected: 2.3%
Previous period: 2.1%
- CORE PCE inflation ( excluding food & energy)
Expected: 2.6%
Previous period: 2.5%