Next week, the U.S. macro events are intensive: Powell's congressional testimony and PCE data will dominate the market.

[Coin World] Preview of Important Macro Economic Events in the US Next Week:

Background information: Next week, the United States will release several key economic data and important policy reports.

Main events:

• At 22:00 on Monday, Federal Reserve Governor Bowman will speak on monetary policy and the banking sector.
• On Tuesday at 22:00, Federal Reserve Chairman Powell will testify on the semiannual monetary policy report before the House Financial Services Committee.
• 00:30 on Wednesday, FOMC permanent voting member and New York Fed President Williams will deliver a speech.
• On Wednesday at 22:00, Powell will once again testify on the semi-annual monetary policy report before the House Financial Services Committee.
• On Thursday at 20:30, the number of initial jobless claims in the United States will be announced, previous value 245 thousand.
• Friday 20:30, the US May Core PCE Price Index year-on-year is expected to be 2.60%, previous value 2.50%.
• Friday 22:00, the final value of the University of Michigan Consumer Sentiment Index for June will be released in the US, previous value 60.5.

Potential impact: These data and reports will have a significant effect on market expectations and the direction of monetary policy, and investors should pay close attention.