Some financial data releases this week: 💰💰🔥🔥

OPEC Monthly Report: Tuesday, June 11

The Organization of the Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, held the 37th OPEC and non-OPEC Ministerial Meeting on June 2, 2024. The meeting, which was held via videoconference, discussed oil market stability and production plans. According to the information provided, OPEC's monthly report for June is scheduled to be released on June 11, 2024.

May CPI Inflation Data: Wednesday, June 12

The May 2024 Consumer Price Index (CPI) report is scheduled to be released on Wednesday, June 12, 2024, at 8:30 a.m. Eastern Time. The report will provide information on the inflation rate for May.

Specifically, it will tell you the percentage change in the price of a basket of goods and services that American households typically consume. This includes categories such as food, energy, housing, clothing, transportation, health care, entertainment, education, and communications. CPI is one of the most widely used inflation indicators and is closely watched by the Federal Reserve, businesses and consumers.

Fed rate decision: Wednesday, June 12

The Federal Reserve is expected to keep interest rates unchanged at its next meeting on June 12, 2024. The decision will be announced on Wednesday, and based on current market expectations and analysis, the Fed is expected to keep interest rates unchanged.

Fed press conference: Wednesday, June 12.

May PPI inflation data: Thursday, June 13

The Producer Price Index (PPI) is a group of indices that measures the average change in sales prices received by domestic producers of goods and services over time.

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