This week is all about inflation data. We start off Monday by looking at consumer inflation expectations and consumer credit use in May. Fed Chair Jerome Powell testifies on the Hill about inflation on Tuesday and Wednesday. Then on Thursday the much anticipated CPI report followed by PPI on Friday.
Monday
11:00 AM Consumer inflation expectations
3:00 PM Total consumer credit is expected to have increased by $8.65 billion in May
Tuesday
10:00 AM Federal Reserve Chair Jerome Powell is scheduled to give his semiannual testimony on monetary policy in front of the Senate Banking Committee
9:30 PM China’s inflation rate is expected to rise to 0.4% in June
Wednesday
7:00 AM Mortgage demand and rates
10:00 AM Federal Reserve Chair Jerome Powell is scheduled to give his semiannual testimony on monetary policy in front of the House Financial Services Committee
Thursday
2:00 AM UK’s GDP is expected to rise 0.2% in May
8:30 AM Consumer prices are expected to rise 0.1% in June which is expected to slow the annual inflation rate to 3.1%
8:30 AM Core consumer prices are expected to rise 0.2% in June which is expected to have no impact on the annual rate of 3.4%.
8:30 AM Jobless claims are expected to rise slightly to 239k
12:00 PM Mortgage rates
Friday
8:30 AM Producer prices are expected to rise 0.1% in June which is expected to have no impact on the annual rate of 2.2%
10:00 AM Michigan’s Consumer Sentiment is expected to rise slightly to 68.5
