What volatility risks should be noted this week?
Several key points of observation that may bring volatility to the market are:
US May Core Personal Consumption Expenditures PCE Report
The US Department of Commerce will release the latest personal consumption expenditures (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 US core PCE annual growth rate 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.
Fed officials' speeches
This week, several Fed officials will make speeches, 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.
The first debate of the US presidential election
In addition, the first debate of the US 2024 presidential election will be held at 9 am on the 28th. It will be a battle between the current President Biden and the former President Trump. If the two discuss the issue of cryptocurrency on stage, it may bring potential fluctuations to the market.
