PCE data, CB consumer confidence and PMI data - Economic Data for the week 23Jun25
Public Holidays
There are no public holidays in China, America, Singapore, or Hong Kong.
Economic Calendar (23Jun25)
Notable Highlights
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The most watched economic data is the Core PCE price index. This is the preferred reference used by the Federal Reserve as an inflation indicator for America.. This is likely to bring some volatility. The Core PCE Price Index (YoY) was previously 2.5%. Will President Trump get what he wants with a rate cut? A falling PCE can aid his course.
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CB consumer confidence has a forecast of 99.0, a drop from the previous, which suggests declining consumer confidence. Durable Goods orders have previously dropped 6.3%, and if this trend continues, it is bearish for the economic outlook.
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The S&P Global Manufacturing PMI has reported a previous index of 52.0. This implies growth from the previous month. S&P Global Services PMI has previously reported 53.7 which implied growth in the services sector.
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Existing home sales have been forecasted at 3.95 M, a drop from the previous period. This is something that we use as a reference for the property market that has dwindling sales. New Home sales have a forecast of 700k, a possible drop from the previous number of 743k. It seems that the property sales market is dwindling.
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Initial jobless claims will be announced. The previous was 245K. This weekly report tracks the number of new unemployment claims, serving as a leading indicator of labour market health. The Federal Reserve uses this as one of the key macro data references as it balances inflation and employment in the economy.
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Crude Oil Inventories can be seen as forward indicators of market demand and consumption. This event tracks the weekly change in U.S. crude oil inventories, a key indicator of oil supply and demand that can impact oil prices and energy markets. If the trend of excess inventories continues, demand erosion can lead to reduced production & weakened consumer spending.
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- glimmzy·06-23Great insights1Report