-- Investors may glean more on the Federal Reserve’s resolve to ease monetary policy when US policymakers update their forecasts for interest rates Wednesday for the first time in three months.Here’s Everything Apple Plans to Show at Its AI-Focused WWDC EventThe central bank — led by Chair Jerome Powell — is widely expected to hold borrowing costs steady for a seventh consecutive meeting, but there’s less certainly on officials’ rate projections.
Elsewhere, a Bank of Japan decision that may pare back bond buying, inflation data from China to Sweden, and crucial UK wage numbers will be among the week’s highlights. The BOJ meets after the government releases revised growth data for the first quarter on Monday that are likely to confirm the economy contracted for a second time in three quarters.
Trade numbers are due from the Philippines and India, and Australia releases NAB business conditions and confidence figures Tuesday, followed by a raft of labor data on Thursday.The UK offer some data highlights in the coming week. On Tuesday, labor-market numbers may show an uptick in pay growth in the three months through April, with an annual 6.1% increase anticipated by economists. Such an outcome is likely to add to the case for the Bank of England to avoid a rate cut this month.
In the wake of their rate cut last week, European Central Bank officials scheduled to speak this week include governors from Germany and France, Chief Economist Philip Lane, Vice President Luis de Guindos and ECB President Christine Lagarde. On Friday meanwhile, economists expect Israel’s inflation quickened to 3.2%, from 2.8% a month earlier.
The May consumer prices report out Tuesday will likely show the first acceleration in eight months from April’s 3.69%. On Thursday, Brazil’s statistics agency posts April retail sales data. A new war video released by Ukraine appears to show a US-supplied M2 Bradley attacking a Russian personnel carrier at close range in Donetsk.Steve Bannon, the relentless right-wing operator and provocateur who’s dedicated his career to advancing the cause of an American version of fascism, has been ordered by a federal judge to serve out his four-month prison conviction.
"The bar for being short equities right now is very high given these upcoming flow and random market dynamics," Goldman Sachs' Scott Rubner said.Anatomy of a Smear Campaign: Why Trumpworld Said Biden Pooped Himself