US Economic Notes

This report previews a high-activity week for US economic data, including CPI and PPI releases, alongside congressional testimony from Fed Chair Warsh. It notes an expectation for headline CPI to be pressured lower by declining gas prices.

Key Takeaways

• 1.The economic calendar is heavy with Tuesday's CPI and Wednesday's PPI releases, coinciding with Fed Chair Warsh's first Humphrey-Hawkins testimony.
• 2.DB economists expect a roughly 9% decline in gas prices to weigh on June's headline CPI.
• 3.The Fed enters a communications blackout period at the end of the week, with Fedspeak expected to clarify policy leanings ahead of the July FOMC meeting.

Table of Contents

• What you need to know for the week ahead
• Appendix 1

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