Wu discusses this week's macro indicators and analysis: Last week, the U.S. May CPI annual rate was 2.4%, which is lower than expected; this week we welcome a super central bank week, where attention can be paid to the latest interest rate decisions from multiple central banks including the U.S., Japan, and the UK. Currently, the futures market bets that the probability of the Federal Reserve remaining 'on hold' this time is as high as 99%. Attention can be paid to the updated economic forecasts and the dot plot for this quarter, which will release signals regarding future rate cut paths.

Last week review:

U.S. May seasonally adjusted CPI annual rate is 2.4%, expected 2.50%, previous value 2.30%.
U.S. May PPI annual rate is 2.6%, expected 2.6%, previous value revised from 2.40% to 2.5%.
For the week ending June 7, the number of initial jobless claims in the U.S. was 248,000, expected 240,000, previous value revised from 247,000 to 248,000.
China's May CPI annual rate is -0.1%, expected -0.20%, previous value -0.10%.
China's May M2 money supply annual rate is 7.9%, expected 8.1%, previous value 8%.
The report released by the Federal Reserve (U.S. Quarterly Financial Accounts) shows that U.S. household assets experienced their first decline since 2023 in the first quarter of this year.


Key events & indicators this week:

June 17: Bank of Japan announces interest rate decision
June 18: U.S. initial jobless claims for the week ending June 14 (thousands) (20:30); Bank of Canada releases monetary policy meeting minutes (01:30)
June 19: Federal Reserve FOMC announces interest rate decision and economic forecast summary (02:00); Federal Reserve Chairman Powell holds a monetary policy press conference (02:30); Swiss National Bank announces interest rate decision (15:30); Bank of England announces interest rate decision (19:00)
June 20: Bank of Japan Governor Ueda speaks at the Trust Association annual meeting (14:40)

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