Several key points of observation that may bring volatility to the market this week are:
1. US May core personal consumption expenditure PCE report
The US Department of Commerce will release the latest personal consumption expenditure (PCE) price index on Friday (28th), which is one of the important indicators used by the Federal Reserve to measure inflation changes. Analysts estimate that the annual growth rate of the US core PCE in May is expected to slow to 2.6%.
Most economists expect that US inflation has reached a turning point after rising in the first quarter, which is reflected in the slowdown in the growth of the consumer price index (CPI) and the producer price index (PPI) in May. The main reason is that the price of gasoline and other commodities has fallen, which partially offsets the impact of rising housing rental costs.
2. Fed officials' speeches
Several Fed officials will speak this week, including two managers Lisa Cook and Michelle Bowman, as well as Mary Daly, president of the San Francisco Federal Reserve, who has a vote on the Federal Open Market Committee (FOMC) this year.
3. The first debate of the US presidential election
In addition, the first debate of the 2024 US presidential election will be held at 9 am on the 28th. The current President Biden and former President Trump will fight each other. If the two discuss the issue of cryptocurrency on stage, it may bring potential fluctuations to the market.
This week has a huge impact on the market trend. Next week there will be key CPI data. Everyone is waiting for the bottom. Make good use of this time to learn more knowledge, and then study and think more about how the market will develop next and which tracks will be the wealth code in the future. When the overall market is not good, it is a waste of time to stare at more plates. Click on the avatar to follow me, more information on the homepage, and share the bull market strategy escape skills with fans, just to increase fans!
