Economic Calendar Highlights
The economic calendar is packed with several Federal Reserve officials scheduled to speak. However, all eyes will be on Fed Chair Jerome Powell’s two-day testimony in front of Congress, which will kick off on Tuesday, June 24. Meanwhile, a key inflation update is due at week’s end.
Monday, June 23
On Monday, several economic reports are scheduled to be released, including:
- Fed Governor Christopher Waller speaks at 3 am
- S&P Global Flash Services Purchasing Managers Index (PMI) and S&P Global Flash Manufacturing PMI at 9:45 am
- Existing home sales at 10 am
- Fed Governor Michelle Bowman speaks at 10 am
- Chicago Fed President Austan Goolsbee speaks at 1:10 pm
- Fed Governor Adriana Kugler speaks at 2:30 pm
- New York Fed President John Williams speaks at 2:30 pm
Tuesday, June 24: Powell Heads to Capitol Hill
Fed Chair Powell will begin his two-day congressional testimony on Tuesday, speaking before the House Financial Services Committee. He’ll wrap things up on Wednesday when he testifies in front of the Senate Banking Committee.
- S&P CoreLogic Case-Shiller Home Price Index at 9 am
- Cleveland Fed President Beth Hammack speaks at 9:15 am
- Fed Chair Jerome Powell testifies at 10 am
- The Conference Board’s Consumer Confidence Index at 10 am
- New York Fed President John Williams speaks at 12:30 pm
Wednesday, June 25
On Wednesday, Powell will continue his testimony, and several other economic reports are scheduled to be released, including:
- Fed Chair Jerome Powell testifies at 10 am
- New home sales at 10 am
Thursday, June 25
On Thursday, several economic reports are scheduled to be released, including:
- Weekly jobless claims at 8:30 am
- Gross domestic product (GDP) at 8:30 am
- Durable goods at 8:30 am
- Wholesale inventories (preliminary) at 8:30 am
- Cleveland Fed President Beth Hammack speaks at 9 am
- Pending home sales at 10 am
- Fed Governor Michael Barr speaks at 1:15 pm
Friday, June 27: May PCE and Core PCE Expected to Tick Higher
The Personal Consumption Expenditures Price Index (PCE) is a main event on the economic calendar. The data, which tracks consumer spending, follows recent reports showing that inflation has yet to be impacted by President Donald Trump’s tariff policies.
- Personal Consumption Expenditures Price Index (PCE) at 8:30 am
- Core PCE at 8:30 am
- Personal income and spending at 8:30 am
- Cleveland Fed President Beth Hammack speaks at 9:15 am
- Fed Governor Lisa Cook speaks at 9:15 am
- University of Michigan Consumer Sentiment Index (revised) at 10 am
Conclusion
In conclusion, the economic calendar is packed with several important events, including Fed Chair Jerome Powell’s testimony and the release of the Personal Consumption Expenditures Price Index (PCE). These events will provide valuable insights into the state of the economy and the future of interest rates. As the economy continues to evolve, it’s essential to stay informed about the latest developments and how they may impact your financial decisions.
