In my opinion, this week in finance will be historic, with effects that may not be immediately evident but will be significant,
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Both in bullish and bearish ways. Uncertainty is reshaping the market structure.
1. **OPEC Monthly Report** - Tuesday, June 11th:
The 37th OPEC and non-OPEC Ministerial Meeting on June 2, 2024, discussed oil market stability and production plans. The OPEC Monthly Report for June is scheduled for release on June 11, 2024.
2. **May CPI Inflation Data** - Wednesday, June 12th:
Scheduled for release at 8:30 AM Eastern Time, the May 2024 Consumer Price Index (CPI) report will provide insights into the inflation rate, covering various household consumption categories. It's a key metric monitored by the Federal Reserve, businesses, and consumers.
3. **Fed Interest Rate Decision & Press Conference** - Wednesday, June 12th:
The Federal Reserve is expected to maintain interest rates at its June 12, 2024 meeting. The decision, along with a press conference led by Jerome Powell, will provide further insights into the Fed's stance.
4. **May PPI Inflation Data** - Thursday, June 13th:
The Producer Price Index (PPI) measures changes in selling prices received by domestic producers of goods and services.