Important Events Next Week (June 24-28):

Monday:

Federal Reserve official Bowman discusses monetary policy and banking issues.

- The U.S. imposes a 50% tariff on certain steel appliances.

Tuesday:

Federal Reserve's Harker discusses monetary policy.

- Federal Reserve Chairman Powell reports on semiannual monetary policy to Congress (House of Representatives).

The Summer Davos Forum opens (lasting until the 26th).

NATO leaders meeting (24-25), Trump will attend.

Wednesday:

Powell reports on monetary policy to Congress again.

Thursday:

The U.S. announces the number of initial unemployment claims from last week.

The final value of U.S. GDP for the first quarter and final personal consumption data.

Friday (Key Data Day):

U.S. core PCE price index for May (a key inflation indicator monitored by the Federal Reserve).

U.S. personal consumption expenditures and consumer confidence data for May.

Results of a survey on public expectations for inflation over the next year.