BlockBeats News, June 7th, the key macroeconomic data release schedule for next week is as follows:
Monday 22:00, US April Wholesale Sales MoM;
Monday 23:00, US May New York Fed 1-Year Inflation Expectation;
Wednesday 20:30, US May CPI Data;
Wednesday 22:30, US EIA Crude Oil Inventories as of June 6th, Cushing Crude Oil Inventories, Strategic Petroleum Reserve Inventories;
Thursday 20:30, US Initial Jobless Claims as of June 7th, US May PPI;
Friday 22:00, US June 1-Year Inflation Rate Expectation Preliminary Value, US June University of Michigan Consumer Sentiment Index Preliminary Value.
The US May CPI report to be released next Wednesday will test the market's optimism about interest rate cuts, as it may show a halt in the recent downward trend in inflation. According to the Cleveland Fed's Nowcast model forecast, overall CPI in May is expected to grow by 2.4% year-on-year, higher than last month's 2.3%; core CPI is expected to grow by 2.8% year-on-year, unchanged from last month. Analysts expect the three-month annualized inflation rate for core goods to peak in early fall this year (4%-5%), slightly lower and delayed compared to pre-suspension of the May 8th "parity tariffs."
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