Compiled by: Gary Ma Wu on Blockchain
Summary
Wu's analysis of this week's macro indicators: Last week, the U.S. May CPI annual rate was 2.4%, lower than expected; this week marks a super central bank week, with attention on the latest interest rate decisions from multiple central banks including the U.S., Japan, and the U.K. Currently, the futures market bets that the probability of the Fed remaining 'steady' this time is as high as 99%. Attention can be paid to updated economic forecasts and dot plots this quarter, which may reveal signals regarding future interest rate cuts.
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. is 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 Federal Reserve's (U.S. Quarterly Financial Accounts Report) shows that U.S. household assets declined for the first time 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
For the week ending June 14, the number of initial jobless claims in the U.S. (thousands) (20:30)
Bank of Canada releases monetary policy meeting minutes (01:30)
June 19
Federal Reserve FOMC announces interest rate decision and economic projections 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 Kazuo speaks at the Trust Association annual meeting (14:40)
