The Macroeconomic Outlook for the New Week is Clear! Here are All the Things to Follow in This Critical Week

Last week, while missile attacks continued between Israel and Iran, yesterday, U.S. President Donald Trump postponed the decision to attack Iran, and FED Director Waller signaled a rate cut in July, providing a temporary relief in the markets.

Although US markets started the week with an increase, they reversed direction downward due to pressure on chip stocks. The S&P 500 fell by 0.22%, while the Nasdaq decreased by 0.51%. The over 2% rise in Apple shares helped the Dow Jones close the day in positive territory.

The main developments that the markets will focus on in the new week are as follows:

Sunday

• 20:15 – Mary Daly, President of the San Francisco FED with a vote on the 2027 FOMC, will participate in the monetary policy panel at the 100th annual meeting of the Western Economic Association International.

Monday

• 17:00 – FED Board Member Michelle Bowman will give a speech on monetary policy and the banking sector.

Tuesday

• 16:15 – Cleveland FED President Loretta Hammack, who has the right to vote in the 2026 FOMC, will speak on monetary policy.
• 17:00 – FED Chairman Jerome Powell will testify on the semi-annual monetary policy report before the House Financial Services Committee.
• 20:10 – Chicago Fed President Austan Goolsbee, who has a vote in the 2025 FOMC, will participate in a Q&A session at the "2025 Semiannual Outlook Conference" hosted by the Milwaukee Business Journal.
• 21:30 – FED officials Adriana Kugler and New York Fed President John Williams will host the "Fed Listening" event.

Wednesday

• 19:30 – New York FED Chairman Williams will give a speech.
• 17:00 – Fed Chair Powell will testify before the Senate Committee regarding the semi-annual monetary policy report.

Thursday

• 15:30 – The initial jobless claims for the week of June 21 in the US, the final 1st quarter GDP growth rate (, real personal consumption expenditures, core personal consumption expenditures ) PCE ( price index, and May durable goods orders data will be released.

Friday

• 14:30 – New York FED Chairman Williams will preside over the 24th annual meeting of the Bank for International Settlements )BIS(.
• 15:30 – The core PCE price index, personal spending, and the monthly change of core PCE for May will be announced.
• 16:15 – Cleveland FED President Hammack and FED official Lisa Cook will participate in the "Fed Listens" event.

In the new week, geopolitical developments on the Iran-Israel line will continue to be the main agenda in the markets. The statements made by the Fed officials, led by Powell, addressing the public after the interest rate decision, may influence expectations for interest rate cuts.

As Trump's harsh criticisms of the central bank once again bring the independence of the FED into question, the US PCE data and Eurozone PMI figures will reveal the effects of trade war-like customs policies.

*This is not investment advice.

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