Morning Juice – US Session Prep
Morning, Traders!
It is Thursday the 13th of June, here are some things to look out for today.
Sentiment
The dollar rose and stocks fell slightly ahead of US producer price data, supported by expectations that the Federal Reserve will only cut interest rates once this year.
Treasuries were little changed ahead of the figures due later in the day, which could provide more insight into the outlook for inflation.
Later in the day, investors look forward to an event featuring New York Federal Reserve President Williams and Treasury Secretary Yellen.
Docket
08:30 ET
US PPI for May
YoY – Median Forecast: 2.5% | Prior: 2.2% | Range: 2.7% / 2.2%
MoM – Median Forecast: 0.1% | Prior: 0.5% | Range: 0.2% / -0.1%
Core YoY – Median Forecast: 2.5% | Prior: 2.4% | Range: 2.6% / 2.3%
Core MoM – Median Forecast: 0.3% | Prior: 0.5% | Range: 0.5% / 0.1%
US Weekly Initial Jobless Claims
Median Forecast: 225K | Prior: 229K | Range: 235K / 218K
11:30 ET
US sells $70 bln 4-Week Bills
13:00 ET
US sells $22 bln 30-Year Bonds
Speakers
09:50 ET
BoC Deputy Governor Kozicki will give a speech at the Canadian Association for Business Economics in Ottawa on the bank’s use of exceptional monetary policy tools in the COVID-19 pandemic and the importance of public accountability.
12:00 ET
Fed’s Williams will moderate a discussion with US Treasury Secretary Yellen at the Plaza Hotel, hosted by the Economic Club of New York.
No text is expected.
Event details here
(Member login required)
Good luck!
