The main news last weekend
- The US Treasury Department projects Biden's tax increase plan to increase revenue by $3.6 trillion over 10 years.
- April US core PCE price index annual rate hits a nearly 30-year high.
Bitcoin is expected to record its biggest monthly drop since November 2018.
- Spreads on US corporate bonds hit their narrowest level in 14 years.
- New high number of US air travelers tested since COVID-19.
- Iran and world powers will restart the fifth round of nuclear talks and Iran will start shipping oil.
- Japan's state of emergency will be extended until June 20.
Notable news this week
- Senior Fed officials continue to appear densely this week:
On Monday, Fed Governor Quarles will be interviewed and spoke again on Friday.
On Wednesday, Fed Governor Brainard will deliver a speech at the Economic Club of New York.
On Wednesday, the 2021 FOMC voting committee and Chicago Fed President Evans will deliver a speech on the current economic and monetary policy situation,
On Thursday, the Federal Reserve released the Beige Book of Economic Status, at the same time, Minneapolis Fed President Kaska Leigh, Atlanta Fed President Dallas Bostic, Fed President Dallas Kaplan, and Fed Chairperson Dallas Kaplan. Philadelphia Fed President Huck will attend an online conference on race and the economy.
On Thursday, the FOMC voting committee and Fed President in Atlanta, Bostic will deliver speeches.
On Friday, Fed Chair Powell will attend the Bank for International Settlements' climate video conference.
- On US data, this week's nonfarm focus:
On Thursday, the number of ADP jobs in the US in May. The market is expected to increase only 545,000, compared with 742,000 increase in the previous month.
At 19:30 on Friday, the non-farm employment population after the May seasonal adjustment in the United States was announced, the market is expected to increase by 621,000. time, the unemployment rate in May will be announced, expected to be 5.9%, this rate is lower than 6% in March last year.
No comments:
Post a Comment