This Week: Inflation & Interest Rates

Tuesday

6:00 AM The NFIB Small Business Optimism Index in the US is expected to have risen slightly to 89.8 in May

9:30 PM China’s year-over-year inflation rate is expected to have held at 0.3% in May

Wednesday

2:00 AM UK’s economy is expected to have shown no growth in April

7:00 AM Mortgage demand & rates

8:30 AM Consumer prices are expected to have risen 0.2% in May which should hold year-over-year price growth at 3.4%

8:30 AM Core inflation is expected to have risen 0.3% in May which should slow year-over-year gains to 3.5% which would be the lowest level since April 2021

2:00 PM The FOMC is expected hold rates at 5.5%

Thursday

8:30 AM Produer prices are expected to have risen 0.2% in May is expected to hold annual inflation at 2.2%

8:30 AM Core producer prices are expected to have risen 0.3% in May which is expected to slow annual inflation to 2.3%

8:30 AM Jobless claims are expected to slow to 227k

12:00 PM Mortgage rates

4:00 PM New Hanover County Commissioners Meeting

11:00 PM Bank Of Japan is expected to hold rates at 0.1%