『Weekly Major Events Preview』

╭︻︻︻︻︻︻︻︻︻︻︻︻︻︻︻︻︻︻︻╮

┇💐This Week's Economic Events Brief and Macroeconomic Analysis 🏵┇

╰︼︼︼︼︼︼︼︼︼︼︼︼︼︼︼︼︼︼︼╯

This week, the market is closely monitoring three important factors:

➣ The situation between the United States, Israel, and Iran

➣ The U.S. House of Representatives votes to pass the stablecoin regulatory bill

➣ Release of PCE inflation data — the inflation indicator preferred by the Federal Reserve

🗓️ Tuesday, June 24

- Federal Reserve Chairman Powell testifies before the House Financial Services Committee

- Cleveland Fed President Loretta Mester states

🗓️ Thursday, June 26

- Initial claims for unemployment benefits

Estimated: 248,000

Previous: 245,000

➥ First Quarter GDP (second revision data)

➥ Cleveland Fed President Loretta Mester states

🗓️ Friday, June 27

▼ PCE inflation rate (year-over-year)

➠ Expected: 2.3%

➠ Previous: 2.1%

▼ Core PCE inflation rate (excluding food and energy)

➠ Expected: 2.6%

➠ Previous: 2.5%