According to BlockBeats, several key macroeconomic data points are set to be released next week, which could influence market sentiment. On Monday at 22:00 UTC+8, the U.S. will release the wholesale sales month-over-month rate for April, followed by the New York Fed's one-year inflation expectations for May at 23:00 UTC+8.
Wednesday will see the release of the U.S. Consumer Price Index (CPI) data for May at 20:30 UTC+8, alongside the weekly EIA crude oil inventory, Cushing crude oil inventory, and strategic petroleum reserve inventory figures at 22:30 UTC+8.
On Thursday at 20:30 UTC+8, initial jobless claims for the week ending June 7 and the Producer Price Index (PPI) for May will be announced.
Friday's releases include the preliminary one-year inflation rate expectations for June and the preliminary University of Michigan Consumer Sentiment Index for June at 22:00 UTC+8.
The U.S. May CPI report, scheduled for Wednesday, is expected to test the market's optimism regarding potential interest rate cuts, as it may indicate a halt in the recent downward trend in inflation. The Cleveland Fed's Nowcast model predicts a year-over-year increase of 2.4% for the overall CPI in May, up from 2.3% in the previous month, while the core CPI is anticipated to remain steady at 2.8% year-over-year.
Analysts forecast that the annualized inflation rate for core goods over three months will peak early this fall, ranging between 4% and 5%, slightly lower and delayed compared to predictions made before the suspension of "reciprocal tariffs" on May 8.