(Part 1 of 5) - Economic Calendar (22Jun26)
Economic Preview: Key Data Releases (week of 22Jun2026)
Business Activity
· S&P Global Services PMI: The June Services PMI is forecast at 51.0, suggesting modest growth in the services sector.
· S&P Global Manufacturing PMI: The June Manufacturing PMI is forecast at 54.8, indicating continued expansion in the manufacturing sector.
Housing and Energy Markets
· New Home Sales: May new home sales are expected to come in at 637,000 units, up from the previous 622,000 units. This will be an important reference point for assessing momentum in the real estate market.
· Crude Oil Inventories: Crude oil inventory data remains a key near-term indicator. A drawdown in inventories may signal stronger demand expectations and provide insight into how oil majors view market consumption.
Inflation, Growth, and Labour Market Data
· Core PCE Price Index: The Core PCE Price Index will likely be the most closely watched release of the week. As the Federal Reserve’s preferred inflation gauge, it will be central to expectations for future interest rate decisions. The May month-on-month forecast is 0.3%, slightly above the previous 0.2%. If realized, this would suggest that inflation in the United States remains stubborn.
· Q1 GDP: First-quarter GDP growth is forecast at 1.6%. Any meaningful variance from this estimate could trigger market volatility.
· Durable Goods Orders: May durable goods orders are forecast to decline by 4.7% month on month, pointing to weaker consumption trends.
· Initial Jobless Claims: Initial jobless claims are forecast at 226,000. This remains an important labour market indicator for the Federal Reserve as it assesses the outlook for interest rates.
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