- US CPI Report
- Joe Biden's Press Conference
- Speeches by FOMC Representatives
- Weekly Jobless Claims Report
The key event today will be the release of the US inflation report at 1:30 PM BST. FOMC representatives have made it clear in recent interviews that the Fed wants confirmation of a sustained downward trend in inflation. Therefore, the June report will be extremely important for policymakers and will have a significant impact on market expectations regarding the first potential rate cut in September. The consensus indicates a slight decrease in headline inflation to 3.1% year-over-year (previously 3.2% year-over-year) and the maintenance of core inflation at an unchanged level of 3.2% year-over-year.
Another important event for the US will be Joe Biden's scheduled press conference today in the context of recent divisions within the Democratic Party. Voices among party leaders are divided regarding Joe Biden's official candidacy for president. Today at 10:30 PM BST, Biden will speak at the Walter E. Washington Convention Center. This event is seen as crucial for Biden to demonstrate his capabilities and respond to calls from some members of his party to step down as the Democratic candidate.
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01:30 PM BST, United States - Employment Data for Jun:
- Real Earnings: previous 0.4% MoM;
- Jobless Claims 4-Week Avg.: previous 238.50K;
- Initial Jobless Claims: forecast 236K; previous 238K;
- Continuing Jobless Claims: forecast 1,860K; previous 1,858K;
01:30 PM BST, United States - Inflation Data for Jun:
- CPI: forecast 3.1% YoY; previous 3.3% YoY;
- CPI: forecast 0.1% MoM; previous 0.0% MoM;
- Core CPI: forecast 0.2% MoM; previous 0.2% MoM;
- Core CPI: forecast 3.4% YoY; previous 3.4% YoY;
04:30 PM BST, United States - FOMC Member Bostic Speaks
10:30 PM BST, United States - Joe Biden Press Conference
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