US Economy Weekly Preview – Week 26: Inflation & Geopolitics in Focus! 📊

Monday:

•Markets react to US airstrikes on Iran

•PMI data for manufacturing and services

•Existing home sales for May

•5 speeches by Fed officials

Tuesday:

•Consumer confidence (Conference Board, June)

•Testimony by Fed Chair Jerome Powell before Congress

Wednesday:

•New home sales

•Day 2 of Powell’s testimony

Thursday:

•Revised US GDP for Q1 2025

•Initial jobless claims

•Durable goods orders

•Pending home sales

•3 Fed speeches

Friday:

•2:30 PM: PCE inflation for May – the Fed’s key inflation gauge

•Consumer sentiment (University of Michigan)

•2 Fed speeches

Focus on Inflation:

The PCE inflation data on Friday could significantly shift interest rate expectations. On top of that, developments in the Middle East and other geopolitical tensions will remain in the spotlight.