Key Data Releases This Week: Focus on Inflation
This week features major US inflation data including May CPI and PPI, plus housing data, OPEC's monthly report, and consumer sentiment readings.
Markets will closely monitor a busy week of US economic data, with inflation taking center stage.
Key events:
- Tuesday: May Existing Home Sales
- Wednesday: May CPI Inflation data
- Thursday: May PPI Inflation data and OPEC Monthly Report
- Friday: MI Inflation Expectations and MI Consumer Sentiment data
The CPI and PPI releases will be the primary focus as investors assess the path of inflation and potential implications for Federal Reserve policy.
Source: The Kobeissi Letter