All eyes are on Wednesday, June 12, which is the date of the U.S. central bank’s policy decision on interest rates.
However, the Federal Reserve is likely to keep interest rates unchanged this week, following strong jobs data for May.
Policymakers are almost certain to keep rates at the 5.25% to 5.5% range for a seventh consecutive meeting.
They could also reduce the number of cuts slated for this year as policymakers digest a mixed bag of economic data.
Economic Calendar June 10-14
June 12 will be a very busy day with core CPI (consumer price index) reports to be released. This data is a key measure of inflation in the economy, it has a significant impact on the Fed’s monetary policy decisions, including interest rate adjustments.
A higher CPI reading indicates increasing inflation, which typically puts pressure on the Fed to raise interest rates or keep them the same. The year-on-year CPI figure is likely to remain the same at 3.4%, suggesting that the central bank will not chang
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