In the intricate dance of economic management within the United States, the Federal Reserve System, affectionately known as the Fed, holds center stage. Charged with overseeing the nation's financial stability, the Fed's mandates span from fostering robust employment to steering sustainable economic growth. Its influence, wielded through a spectrum of policies, encompasses the ebb and flow of monetary currents, leaving indelible marks on various economic facets.

Key events: USA - PPI (MoM) (Jun) Canada - Building Permits (MoM) (May) USA - Michigan Consumer Sentiment US stocks fell on Thursday despite inflation data suggesting a slowdown in the US economy, which raised the possibility of Federal Reserve interest rate cuts later this year.

Key events: UK - GDP (QoQ) (Q1) USA - Core PCE Price Index (YoY) (May) USA - Core PCE Price Index (MoM) (May) USA - Chicago PMI (Jun) The S&P 500 managed a slight gain on Thursday as investors balanced a decline in chipmaker Micron against gains in consumer stocks, just ahead of key inflation data. The Dow Jones Industrial Average increased by 36 points, or 0.1%, the S&P 500 added 0.1%, and the NASDAQ Composite rose by 0.30%.

Key events: UK - Employment Change 3M/3M (MoM) (Apr) UK - Unemployment Rate (Apr) Eurozone - ECB's Lane Speaks USA - 10-Year Note Auction The S&P 500 and Nasdaq closed at new record highs on Monday, as the technology sector led the charge just before the Federal Reserve's interest rate decision and upcoming inflation data. The S&P 500 increased by 0.3% to reach a record 5,362.70, while the NASDAQ Composite climbed 0.4%, and the Dow Jones Industrial Average added 69 points, or 0.2%.

Key events:  Eurozone - CPI (YoY) (May) USA - Core PCE Price Index (MoM) (Apr) USA - Core PCE Price Index (YoY) (Apr) USA - Chicago PMI (May) Canada - GDP (QoQ) (Q1) The S&P 500 closed lower on Thursday, pulled down by a drop in technology stocks, particularly Salesforce, and cautious sentiment ahead of key inflation data expected on Friday. The Dow Jones Industrial Average fell by 330 points, or 0.9%. The S&P 500 decreased by 0.6%, and the NASDAQ Composite declined by 1.1%.

Key events: UK - GDP (QoQ) (Q1) UK - BoE MPC Member Pill Speaks USA - FOMC Member Bowman Speaks USA - Michigan Consumer Sentiment Thursday marked another positive day for the Dow Jones Industrial Average, extending its winning streak to seven consecutive sessions. Investor optimism surged across all three major US indices, buoyed by encouraging weekly jobless claims data that fueled speculation of potential interest-rate cuts.

While the Federal Reserve chose to maintain interest rates on Wednesday, a subtle shift in tone suggests the possibility of the first rate cut in four years, potentially scheduled for March. A noteworthy development is the removal of language from the Federal Open Market Committee's (FOMC) statement regarding the possibility of higher rates, indicating a significant shift in the Fed's stance on future rate actions.

Key events: USA - Average Hourly Earnings (MoM) (Mar) USA - Non-Farm Payrolls (Mar) USA - Unemployment Rate (Mar) Thursday marked the fourth consecutive day of losses for the Dow Jones Industrial Average, as intraday gains were relinquished amidst mounting geopolitical tensions and hawkish commentary from Federal Reserve officials, just ahead of the highly anticipated monthly jobs report scheduled for Friday.

Key events: USA - Fed Chair Powell Speaks  Eurozone - ECB's Lane Speaks USA - FOMC Member Bostic Speaks US stocks continued their ascent on Thursday, extending the record-breaking streak following the Federal Reserve's adherence to its projections of implementing at least three rate reductions this year. Dow Jones Industrial Average surged by 294 points, or 0.8%, while the S&P 500 advanced by 0.4%, and the NASDAQ Composite edged up by 0.2%.

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