Key Economic Data Releases and Tariff Deadline Awaited

The upcoming week is set to be pivotal for global economic observers, with several key macroeconomic indicators and events scheduled for release. On Tuesday at 18:00, the New York Federal Reserve will announce its 1-year inflation expectation for June. This data point is crucial as it provides insights into market sentiment regarding future inflation trends, which can influence monetary policy decisions.

On Wednesday at 04:30, China will release its annual Consumer Price Index (CPI) data for June. The CPI is a critical measure of inflation, reflecting changes in the prices of goods and services. This data will be closely watched by economists and policymakers to gauge the health of the Chinese economy and its impact on global markets.

Additionally, the week will see the release of the Federal Open Market Committee (FOMC) minutes, which will provide detailed insights into the discussions and decisions made during the latest meeting. These minutes are expected to offer clues about the future direction of monetary policy, including potential rate cuts or adjustments in response to economic conditions.

Investors will also be keeping a close eye on the tariff deadline set for July 9. The outcome of these tariff negotiations could have significant implications for global trade and economic growth. According to analysts' forecasts, the impact of tariffs could lead to prolonged inflation, affecting consumer prices and business costs.

The economic outlook for the coming years has also been adjusted, with GDP forecasts for 2025 and 2026 being lowered to 1.4% and 1.6%, respectively. Unemployment forecasts have also been revised upward, except for the long-term outlook. These adjustments reflect the current economic uncertainties and the potential impact of ongoing trade tensions and policy changes.

Overall, the week ahead is filled with critical economic data releases and events that will shape market sentiment and influence policy decisions. Investors and economists alike will be closely monitoring these developments to assess their implications for global economic growth and stability.