PANews reported on June 21 that the missile exchanges between Israel and Iran continued over the past week. However, with Trump's announcement to postpone the strike on Iran and Federal Reserve Governor Waller's support for a July rate cut, U.S. stocks opened higher but later declined due to chip stocks, with the S&P 500 falling 0.22%, the Nasdaq dropping 0.51%, and the Dow Jones barely rising supported by Apple's over 2% increase. Here are the key points the market will focus on in the new week:
Monday 1:15, 2027 FOMC voter and San Francisco Fed President Daly will participate in the monetary policy insight panel discussion at the 100th International Annual Meeting of the Western Economic Association;
Monday 22:00, Federal Reserve Governor Bowman will speak on monetary policy and the banking industry;
Tuesday 1:10, 2025 FOMC voter and Chicago Fed President Goolsbee will participate in the Q&A session of the Milwaukee Business Magazine's 2025 Mid-Year Outlook Conference;
Tuesday 2:30, Federal Reserve Governor Kugler and FOMC permanent voter and New York Fed President Williams will host the "Fed Listens" event;
Tuesday 21:15, 2026 FOMC voter and Cleveland Fed President Harker will speak on monetary policy;
Tuesday 22:00, Fed Chair Powell will deliver his semi-annual monetary policy report testimony to the House Financial Services Committee;
Wednesday 0:30, FOMC permanent voter and New York Fed President Williams will speak;
Wednesday 22:00, Fed Chair Powell will testify on the semi-annual monetary policy report to the Senate Committee;
Thursday 20:30, U.S. initial jobless claims for the week ending June 21, Q1 real GDP annualized quarterly rate final value, real personal consumption expenditure quarterly rate final value, core PCE price index annualized quarterly rate final value, U.S. May durable goods orders monthly rate;
Friday 19:30, FOMC permanent voter and New York Fed President Williams will chair the meeting at the 24th BIS Annual Conference;
Friday 20:30, U.S. May core PCE price index year-on-year rate, personal spending monthly rate, core PCE price index monthly rate;
Friday 21:15, 2026 FOMC voter and Cleveland Fed President Harker and Federal Reserve Governor Lisa Cook will attend the "Fed Listens" event.
In the coming week, headlines surrounding the Israel-Iran conflict will continue to dominate market trends. Additionally, a series of policymakers led by Fed Chair Powell may release more views on the rate cut path after the rate resolution. Under Trump's continued bombardment, the Fed's independence has once again become a focal point. On the economic data front, data including U.S. PCE and Eurozone PMI will reveal the impact of Trump's tariff war.
