Oddbean

Newsquawk Week Ahead: US CPI, Powell testimony and US earnings ========== Next week highlights include US CPI, Fed Chair Powell testimonies, a BoJ bond meeting, the RBNZ policy announcement, second round of French elections, US earnings and more. French Legislative Election, Round 2 (Sun): Exit polls and some constituency results will be available when polls close at 19:00BST/14:00ET. BoJ Bond Meeting (Tue): The BoJ will hold its bond meeting between July 9th and 10th - a confab that will be significant as the central bank begins discussions on its bond-tapering plans. Powell Testimony (Tue, Wed): Fed Chair Powell will give testimony to the Senate Banking Committee on Tuesday, and the House Financial Services Committee on Wednesday. RBNZ Announcement (Wed): The RBNZ will conduct its latest Monetary Policy Review next week where the central bank is likely to maintain the Official Cash Rate at the current level. Chinese Inflation (Wed): CPI Y/Y is expected to accelerate to 0.4% from 0.3%, and M/M is seen at 0% (prev. -0.1%). Norwegian CPI (Wed): June’s CPI-ATE needs to come in comfortably below the 4.1% prior and towards 3.5% for the Norges Bank’s 3.99% Q2 forecast to hold. UK GDP Estimate (Thu): Expectations are for the M/M to lift to 0.2% from 0.0% with the 3M rate by extension increasing to 0.8% from 0.7%. US CPI (Thu): The consensus looks for US CPI to rise 0.1% M/M in June, while the core rate of CPI is seen rising +0.2% M/M. US Corporate Earnings (Fri): Q2 bank earnings will begin on Friday, with the likes of JPM, WFC, and C reporting. #UsCpi #PowellTestimony #UsEarnings https://www.forexlive.com/centralbank/newsquawk-week-ahead-us-cpi-powell-testimony-and-us-earnings-20240707/