Important economic data, financial event forecasts and market volatility reminders this week - Economic data:

May 28, 22:00 (Tuesday): US Conference Board Consumer Confidence Index. Previous value 97, forecast value 96. If the consumer confidence index falls, it means that consumers are not confident in the economic outlook or their spending power has declined, which is good for expectations of interest rate cuts.

May 30, 02:00 (Thursday) [Important]: The Federal Reserve releases the Beige Book on economic conditions. The downward trend in economic conditions is good for expectations of interest rate cuts.

May 30, 20:30 (Thursday) [Important]: US real GDP annualized quarterly rate revision. Previous value 1.6, forecast 1.5. The preliminary value of GDP is released at the end of the first month after the end of the quarter, the revised value is released in the second month, and the final value is released in the third month. It is based on more complete and reliable data. Therefore, the revised value continues to be revised downward, and a continuous downward trend has been formed since the high of 3.4% in the fourth quarter of last year, which may break the market's expectations of a strong economic situation and enhance expectations of interest rate cuts.

May 30 20:30 Other revised data are also worth paying attention to.

May 30 20:30 (Thursday): Initial jobless claims. The previous value was 215,000, and the forecast value was 217,000. More new initial jobless claims mean a weak labor market, which is conducive to expectations of interest rate cuts.

May 31 20:00 (Friday) [Important]: US core PCE price index monthly rate and annual rate. Core PCE is the inflation indicator most valued by the Federal Reserve for interest rate management. The previous value of the monthly rate was 0.3, the forecast value was 0.2, and the previous value of the annual rate was 2.8, and the forecast value was 2.8-the core PCE monthly rate is predicted to be lower. If it falls below expectations or meets expectations, it will be good for expectations of interest rate cuts, but if it exceeds the forecast value but is the same as the previous value, it is not a serious negative, after all, there is no rebound. Unless the previous value rises, it is considered negative. The annual rate is the same as the forecast or lower than the forecast is considered positive, and higher than the forecast is considered negative.

May 31, 20:00 (Friday) [Important]: US personal expenditure monthly rate. Previous value 0.8, forecast value 0.3. Personal expenditure monthly rate refers to the rate of change of personal consumption expenditure within a month. Personal consumption expenditure is an important part of GDP, accounting for about 70% of US GDP. A decrease in personal expenditure may lead to a decline in demand, which may slow down the inflation rate. A decline in line with expectations or exceeding expectations is conducive to the expectation of interest rate cuts. Even if it is not as low as the forecast value, it can be regarded as positive if it is lower than the previous value.