Is the US Dollar Poised for a Shock Move? CPI Numbers, Fed Voices, and Warsh’s Testimony Could Change Everything—Here’s What You Need to Know Now

Is the US Dollar Poised for a Shock Move? CPI Numbers, Fed Voices, and Warsh’s Testimony Could Change Everything—Here’s What You Need to Know Now

Ever wonder how a single week packed with a flurry of US economic data releases and Federal Reserve chatter can send ripples through the global markets? Well, brace yourself—because June’s numbers are about to take center stage, and they’ve got traders on edge. With the Consumer Price Index expected to cool down a notch to 3.8% year-on-year, and core inflation supposedly easing too, it’s more than just numbers—it’s a pulse check on the economy’s health. Toss in fresh testimonies from Fed Chair Warsh and his team, alongside critical updates on producer prices and retail sales, and you’ve got a drama that’s as gripping as it is crucial for anyone keen on the US Dollar. So, how will these signals reshape investment landscapes in the coming days? Let’s dive in, unpack the implications, and see what opportunities might be lurking beneath the surface. LEARN MORE.

Rabobank’s Senior Macro Strategist Bas van Geffen highlights a US‑centric data and policy calendar, with June CPI expected to ease to 3.8% year‑on‑year and core inflation to 2.8%. He also points to multiple Fed speakers and new Chair Warsh’s testimonies in Congress, alongside US producer prices and retail sales, as key inputs for US Dollar traders over the coming days.

Busy US data and Fed schedule

“Tuesday, the Bureau for Labor Statistics reports the June CPI print, which is expected to moderate to 3.8% y/y from 4.2%. Core inflation is seen easing marginally to 2.8%, but the Warsh-fans that prefer the trimmed-mean measure can look out for the Cleveland Fed’s estimate.”

“Speaking of Warsh, the fresh Fed chair is due to testify at the House Financial Services Committee. His colleagues Barr, Goolsbee, Cook and Bowman are due to speak too.”

“Wednesday’s data include Eurozone industrial production for May, and US producer price inflation. The Bank of Canada will set rates. We expect the central bank to leave the overnight rate unchanged at 2.25%. That view is widely shared by markets and our peers: only one of the 21 strategists surveyed by Bloomberg forecasts a 25bp rate hike.”

“Thursday’s calendar includes UK monthly GDP estimates and US retail sales for June. Musalem, Logan, and Schmid (all Fed) deliver remarks.”

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor. Know more.)

Post Comment

WIN $500 OF SHOPPING!

    This will close in 0 seconds