This report highlights a critical week for US macro data, including CPI, PPI, and Fed Chair Warsh's semi-annual testimony. Markets will focus on inflation prints and subsequent Fed official commentary to gauge policy direction before the upcoming FOMC meeting.
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.Deutsche Bank expects headline CPI to decline 0.16% for June, impacted by falling gas prices, while core CPI is forecast at +0.23%.
- 3.Fed communication intensifies this week before the communications blackout period; market participants will be watching for signals regarding the July FOMC meeting.
Table of Contents
- US Economic Notes
- Post CPI Conference Call
- Appendix 1
- Analyst Certification
- Important Disclosures
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Authors
Brett RyanMatthew LuzzettiJustin WeidnerAmy Yang
Securities
US 10-year Treasury note
Themes
Inflationary TrendsMonetary Policy
Regions
North AmericaUnited States