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Next week's major events in the financial sector! CPI data may cause a "market earthquake", will the rate cut dream be shattered?
Next week, there will be significant events in the financial market! A wave of important macro data is about to be released, especially the US May CPI data, which is like a "heavy bomb" that could bring great volatility to the market and also make everyone’s expectations of a Federal Reserve rate cut uncertain.
First, let’s take a look at the specific important data release points for next week:
• Monday 22:00, release of the US April wholesale sales month-on-month; 23:00, release of the US May New York Fed 1-year inflation expectations.
• Wednesday 20:30, release of the US May CPI data, which is crucial; 22:30, release of the US EIA crude oil inventory, Cushing crude oil inventory, and strategic petroleum reserve inventory for the week ending June 6.
• Thursday 20:30, release of the US initial jobless claims for the week ending June 7, and US May PPI.
• Friday 22:00, release of the US June 1-year inflation rate expectation preliminary value and the US June University of Michigan consumer confidence index preliminary value.
Among these data, the most关注 is the US May CPI report to be released next Wednesday. This set of data may douse the market's optimistic sentiment regarding rate cuts with cold water, as it is likely to show a stagnation in the recent trend of declining inflation.
All along, the market has been hoping that the Federal Reserve will cut rates as soon as possible to stimulate the economy and boost investment, with the stock and bond markets also counting on rate cuts to bring a wave of upward momentum. Now everyone is waiting for next week's data to be revealed, to see how this grand drama of "inflation and rate cuts" unfolds, and our investment strategies need to be adjusted in a timely manner to follow the changes in the market.
