Important events and data forecasts for this week: The Federal Reserve will release the year-on-year core PCE price index for the U.S. in May on Friday.
Monday: Federal Reserve Governor Bowman will give a speech on monetary policy and the banking industry; the U.S. will begin imposing tariffs on various steel appliances, with a tariff rate set at 50%.
Tuesday: Federal Reserve's Harker will give a speech on monetary policy; Federal Reserve Chair Powell will present the semiannual monetary policy report testimony before the House Financial Services Committee; the Summer Davos Forum will take place, lasting until June 26; NATO heads of state and government will hold a summit in The Hague from June 24 to 25, with Trump confirming his attendance.
Wednesday: Federal Reserve Chair Powell will present testimony on the semiannual monetary policy report before the Senate Committee.
Thursday: U.S. initial jobless claims for the week; final value of U.S. Q1 real GDP annualized quarter-on-quarter; final value of U.S. Q1 real personal consumption expenditures quarter-on-quarter.
Friday: U.S. May core PCE price index year-on-year; U.S. May personal spending month-on-month; U.S. May core PCE price index month-on-month; final value of the University of Michigan Consumer Sentiment Index for June; final value of U.S. one-year inflation expectations for June.
